4 Amendments of Jean-Paul DENANOT related to 2016/2302(INI)
Amendment 9 #
Draft opinion
Paragraph 1
Paragraph 1
1. Emphasises that the ultimate purpose of financial instruments (FIs) is to act in situations of market failure or suboptimal investment as a catalyst making it possible to mobilise funding for projects which cannot secure adequate support from the market; insists that the funding channelled through the EU-supported FIs should play a social role and not be limited to satisfying private interests only, especially in the field of financial or non- financial services of general interest; emphasises that grant components are a major asset in encouraging beneficiaries to apply for additional funds from private investors; points out, furthermore, that the performance of FIs cannot be assessed on the basis of an appraisal of their financial impact alone;
Amendment 10 #
Draft opinion
Paragraph 1 – point 1 (new)
Paragraph 1 – point 1 (new)
(1) Regrets the fact that local public enterprises are being penalised under the current definition of SMEs at European level, under which they are not guaranteed access to the funding that they need in order to fulfil their general interest tasks;
Amendment 24 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is alarmed by the significant delays in the implementation of the programmes; takes the view that challenges such as migration and security, and current or future political developments in the EU, including the practical implications of Brexit, should not have an adverse effect on investments made under the cohesion policy; urges the Member States to tackle promptly all causes of delay, particularly late designation of managing authorities, in order to avoid a repetition of the accumulated backlog of unpaid invoices in the second half of the current MFF, which could seriously impact other EU-funded policies as well;
Amendment 38 #
Draft opinion
Paragraph 5
Paragraph 5
5. Points to the challenges that FIs represent for democratic control, in particular by the European Parliament, as well as for timely and transparent reporting and for accountability; believes that the revision of the Financial Regulation and the ‘omnibus regulation’ could provide an opportunity to streamline the reporting on FIs and thus provide a better basis to assess additionality and complementarity between different forms of EU support, particularly between cohesion funds and the European Fund for Strategic Investments (EFSI).