natgillin/translations-raw huggingface dataset:
Your rapporteur has interpreted this responsibility in broad terms, while nonetheless paying particular attention to matters of financial control, including regulation of banking activities.
Your rapporteur has interpreted this responsibility in broad terms, while nonetheless paying particular attention to matters of financial control, including regulation of banking activities.
Budgetary control and management: the rapporteur proposes a banking regulatory mission for the EIB
Budgetary control and management: the rapporteur proposes a banking regulatory mission for the EIB
In terms of control mechanisms, the EIB has its own internal control mechanism: the general inspection.
In terms of control mechanisms, the EIB has its own internal control mechanism: the general inspection.
External control is carried out by an audit office of international repute and an audit committee.
External control is carried out by an audit office of international repute and an audit committee.
In addition, the EIB points out that its management was also scrutinised by the rating agencies, which awarded it the maximum rating – AAA.
In addition, the EIB points out that its management was also scrutinised by the rating agencies, which awarded it the maximum rating – AAA.
The rapporteur felt that the time had come to put in place a real banking supervisory control.
The rapporteur felt that the time had come to put in place a real banking supervisory control.
He suggests that the EIB itself should apply to the Committee of European Banking Supervisors (CEBS) to look into the conditions for this supervisory mission and, inter alia, to determine who could carry it out in the absence, which the rapporteur finds regrettable, of an official European banking regulator.
He suggests that the EIB itself should apply to the Committee of European Banking Supervisors (CEBS) to look into the conditions for this supervisory mission and, inter alia, to determine who could carry it out in the absence, which the rapporteur finds regrettable, of an official European banking regulator.
The rapporteur asks for every possible scenario to be envisaged, and makes concrete suggestions, including involvement of the CEBS, of a national regulator or a number of national regulators on an annually rotating basis.
The rapporteur asks for every possible scenario to be envisaged, and makes concrete suggestions, including involvement of the CEBS, of a national regulator or a number of national regulators on an annually rotating basis.
The rapporteur wondered whether, if no public solution were found, an independent private body could not be entrusted with this task on the basis of a European call for tenders.
The rapporteur wondered whether, if no public solution were found, an independent private body could not be entrusted with this task on the basis of a European call for tenders.
On reflection, he decided not to put forward this idea, but to stay with that of a public European banking supervisory mission, hoping that a way would be found to achieve this.
On reflection, he decided not to put forward this idea, but to stay with that of a public European banking supervisory mission, hoping that a way would be found to achieve this.
The rapporteur supports the EIB’s reservations about applying IFRS accounting standards too hastily to the statutory accounts, before broad consensus has emerged in the Member States regarding, for example, fair value accounting, which could introduce a great element of volatility into the determination of the EIB’s unconsolidated financial results, and asks for a technical watch be kept on this issue.
The rapporteur supports the EIB’s reservations about applying IFRS accounting standards too hastily to the statutory accounts, before broad consensus has emerged in the Member States regarding, for example, fair value accounting, which could introduce a great element of volatility into the determination of the EIB’s unconsolidated financial results, and asks for a technical watch be kept on this issue.
While welcoming the EIB’s willingness to comply voluntarily with the Basel II rules, which do not apply to it, the rapporteur hopes that these rules will be implemented so as to show the EIB’s ability to carry out its mission and to maintain the best rating – AAA – with its currently available own funds of EUR 33.5 billion.
While welcoming the EIB’s willingness to comply voluntarily with the Basel II rules, which do not apply to it, the rapporteur hopes that these rules will be implemented so as to show the EIB’s ability to carry out its mission and to maintain the best rating – AAA – with its currently available own funds of EUR 33.5 billion.
The rapporteur nevertheless notes the specific situation of the Bank in respect, for example, of the operation of its own capital: low paid-up capital in comparison with capital subscribed (EUR 8.2 billion paid up as against a subscribed capital of EUR 163.7 billion on 31 December 2006); the ability of the EIB’s Board of Directors to require payment, in order to cover the Bank’s needs, of all or part of the balance of the unpaid subscribed capital (i.e. in theory, EUR 155 billion); the specific prudential ratio laid down in Article 18(5) of the Bank’s Statute, which provides for a restriction of commitments to no more than 2.5 times the subscribed capital (a ratio which is very slightly altered by the Lisbon Treaty, currently undergoing ratification), etc.
The rapporteur nevertheless notes the specific situation of the Bank in respect, for example, of the operation of its own capital: low paid-up capital in comparison with capital subscribed (EUR 8.2 billion paid up as against a subscribed capital of EUR 163.7 billion on 31 December 2006); the ability of the EIB’s Board of Directors to require payment, in order to cover the Bank’s needs, of all or part of the balance of the unpaid subscribed capital (i.e. in theory, EUR 155 billion); the specific prudential ratio laid down in Article 18(5) of the Bank’s Statute, which provides for a restriction of commitments to no more than 2.5 times the subscribed capital (a ratio which is very slightly altered by the Lisbon Treaty, currently undergoing ratification), etc.
The rapporteur wondered whether the EIB should continue to submit itself voluntarily to a standard that is not applicable to it.
The rapporteur wondered whether the EIB should continue to submit itself voluntarily to a standard that is not applicable to it.
In the light of his reflections, he suggests supporting the Bank in this voluntary and laudable action, while recognising its special character, and expresses the wish that third parties should be properly informed as to these special characteristics.
In the light of his reflections, he suggests supporting the Bank in this voluntary and laudable action, while recognising its special character, and expresses the wish that third parties should be properly informed as to these special characteristics.
Strategy and objectives; one priority – financing major infrastructure projects
Strategy and objectives; one priority – financing major infrastructure projects
The rapporteur stresses the high quality of the EIB’s new strategy 2007-2009, including the reinforcement of value added, the gradual increase in risk taking, inter alia in activities for the benefit of SMEs and local government, the use of new financial instruments and the stepping‑up of cooperation with the Commission.
The rapporteur stresses the high quality of the EIB’s new strategy 2007-2009, including the reinforcement of value added, the gradual increase in risk taking, inter alia in activities for the benefit of SMEs and local government, the use of new financial instruments and the stepping‑up of cooperation with the Commission.
Nonetheless, as regards financing of European infrastructure, the needs of which were estimated at a minimum of EUR 600 billion in an internal European Parliament study, the rapporteur suggests that a reflection be carried out on the role of the European Union in terms of investment, and that this task be given to the EIB.
Nonetheless, as regards financing of European infrastructure, the needs of which were estimated at a minimum of EUR 600 billion in an internal European Parliament study, the rapporteur suggests that a reflection be carried out on the role of the European Union in terms of investment, and that this task be given to the EIB.
The funding implemented by the EU Member States, which, the rapporteur emphasises, must be complementary to private capital, and not in competition with it, is far from able to meet these needs.
The funding implemented by the EU Member States, which, the rapporteur emphasises, must be complementary to private capital, and not in competition with it, is far from able to meet these needs.
One could refer to the problems of funding Galileo, where many credit lines were mobilised: appropriations transferred from the CAP, the 7th R&D Framework Programme, flexibility instruments etc.
One could refer to the problems of funding Galileo, where many credit lines were mobilised: appropriations transferred from the CAP, the 7th R&D Framework Programme, flexibility instruments etc.
One is well able to understand, given the complexity of setting up funding and its extraordinarily unpredictable nature (the rise in world prices of certain agricultural products), that it is unimaginable that the same procedure could be gone through for every European-scale project.
One is well able to understand, given the complexity of setting up funding and its extraordinarily unpredictable nature (the rise in world prices of certain agricultural products), that it is unimaginable that the same procedure could be gone through for every European-scale project.
In this context, the EIB, given both its experience in financing investment in Europe and its expertise in methods of financing, can make a valuable contribution to addressing this issue.
In this context, the EIB, given both its experience in financing investment in Europe and its expertise in methods of financing, can make a valuable contribution to addressing this issue.
Given the breadth of infrastructure investment (motorways, airports, ports, high-speed rail and freight networks, inland waterways, information and communication technology, space, health policy, drinking water production and supply network, research and development etc.) needed on European Union territory in the current state of acceleration of global economic and social competition, bearing in mind environmental objectives, the rapporteur suggests that, given the quality of the EIB’s human resources, its detachment and its experience of financing major infrastructure, the Commission give it the task of carrying out a strategic reflection on the funding of infrastructure, excluding no possible scenarios: subsidies, payment of sums subscribed by the Member States to the EIB’s capital, loans (including EIB loans, for example those financed by special loans from the Member States as provided for in Article 6 of the EIB’s Statute), innovative instruments such as RSFFs and LGTTs, financial engineering appropriate to long-term projects that are not immediately profitable, development of guarantee systems, creation of an investment section within the European budget, financial consortia between European, national and local authorities, public-private partnerships etc.
Given the breadth of infrastructure investment (motorways, airports, ports, high-speed rail and freight networks, inland waterways, information and communication technology, space, health policy, drinking water production and supply network, research and development etc.) needed on European Union territory in the current state of acceleration of global economic and social competition, bearing in mind environmental objectives, the rapporteur suggests that, given the quality of the EIB’s human resources, its detachment and its experience of financing major infrastructure, the Commission give it the task of carrying out a strategic reflection on the funding of infrastructure, excluding no possible scenarios: subsidies, payment of sums subscribed by the Member States to the EIB’s capital, loans (including EIB loans, for example those financed by special loans from the Member States as provided for in Article 6 of the EIB’s Statute), innovative instruments such as RSFFs and LGTTs, financial engineering appropriate to long-term projects that are not immediately profitable, development of guarantee systems, creation of an investment section within the European budget, financial consortia between European, national and local authorities, public-private partnerships etc.
It is becoming necessary for us to think about a policy for planning and developing Europe’s territory and about the financing that needs to be put in place.
It is becoming necessary for us to think about a policy for planning and developing Europe’s territory and about the financing that needs to be put in place.
The EIB can help us carry out this reflection with reference to the financing of investments; basically, it is a matter of bringing Jacques Delors’s old idea of a ‘major works’ plan based on ‘a large loan’ into line with today’s financial technologies and of guiding the European Union towards the role of acting as the motor of territorial planning.
The EIB can help us carry out this reflection with reference to the financing of investments; basically, it is a matter of bringing Jacques Delors’s old idea of a ‘major works’ plan based on ‘a large loan’ into line with today’s financial technologies and of guiding the European Union towards the role of acting as the motor of territorial planning.
We must always keep it in mind that the private sector will not invest if it thinks that the public sector is not doing so: it is a question of collective confidence in the future.
We must always keep it in mind that the private sector will not invest if it thinks that the public sector is not doing so: it is a question of collective confidence in the future.
As far as help for SMEs is concerned, the rapporteur emphasises the high quality of the programmes set up, not least by the EIF, an increase in whose capital has recently been approved by the European Parliament.
As far as help for SMEs is concerned, the rapporteur emphasises the high quality of the programmes set up, not least by the EIF, an increase in whose capital has recently been approved by the European Parliament.
The paragraphs relating to help with setting up projects aim to draw the EIB’s attention to the fact that all too often projects fail because the financing has been badly set up: information, technical assistance and proximity are criteria on the basis of which the EIB can continue to make progress, so that the greatest possible number of projects receive adequate funding.
The paragraphs relating to help with setting up projects aim to draw the EIB’s attention to the fact that all too often projects fail because the financing has been badly set up: information, technical assistance and proximity are criteria on the basis of which the EIB can continue to make progress, so that the greatest possible number of projects receive adequate funding.
Finally, the rapporteur thought it important to recall the important role of the EIB in the European Union’s development policy, as well as in its neighbourhood policy.
Finally, the rapporteur thought it important to recall the important role of the EIB in the European Union’s development policy, as well as in its neighbourhood policy.
He calls in particular for further development of the FEMIP against the background of strengthened partnership with the Mediterranean countries.
He calls in particular for further development of the FEMIP against the background of strengthened partnership with the Mediterranean countries.
Jean-Pierre Audy, Herbert Bösch, Costas Botopoulos, Mogens Camre, Paulo Casaca, Jorgo Chatzimarkakis, Antonio De Blasio, Petr Duchoň, James Elles, Szabolcs Fazakas, Markus Ferber, Christofer Fjellner, Lutz Goepel, Ingeborg Gräßle, Umberto Guidoni, Dan Jørgensen, Rodi Kratsa-Tsagaropoulou, Nils Lundgren, Marusya Ivanova Lyubcheva, Ashley Mote, Jan Mulder, Bill Newton Dunn, Bart Staes, Søren Bo Søndergaard, Jeffrey Titford, Paul van Buitenen, Kyösti Virrankoski
Jean-Pierre Audy, Herbert Bösch, Costas Botopoulos, Mogens Camre, Paulo Casaca, Jorgo Chatzimarkakis, Antonio De Blasio, Petr Duchoň, James Elles, Szabolcs Fazakas, Markus Ferber, Christofer Fjellner, Lutz Goepel, Ingeborg Gräßle, Umberto Guidoni, Dan Jørgensen, Rodi Kratsa-Tsagaropoulou, Nils Lundgren, Marusya Ivanova Lyubcheva, Ashley Mote, Jan Mulder, Bill Newton Dunn, Bart Staes, Søren Bo Søndergaard, Jeffrey Titford, Paul van Buitenen, Kyösti Virrankoski
Dumitru Oprea, Pierre Pribetich, Gabriele Stauner, Ralf Walter
Dumitru Oprea, Pierre Pribetich, Gabriele Stauner, Ralf Walter
Pilar Ayuso, Albert Deß, Markus Pieper
Pilar Ayuso, Albert Deß, Markus Pieper
PE 396.570v03-00
PE 396.570v03-00
ИЗЛОЖЕНИЕ НА МОТИВИТЕ.............................................................................................25
EXPLANATORY STATEMENT..............................................................................................21
СТАНОВИЩЕ НА КОМИСИЯТА ПО ВЪНШНИ РАБОТИ...............................................29
OPINION of the Committee on Foreign Affairs .................................................25
СТАНОВИЩЕ НА КОМИСИЯТА ПО МЕЖДУНАРОДНА ТЪРГОВИЯ..........................33
OPINION of the Committee on International Trade ......................................28
РЕЗУЛТАТ ОТ ОКОНЧАТЕЛНОТО ГЛАСУВАНЕ В КОМИСИЯ...................................42
RESULT OF FINAL VOTE IN COMMITTEE.........................................................................35
– като взе предвид политическия диалог между ЕС и Китай, официално започнат през 1994 г. в израз на признание на статута на Китай като бъдеща световна сила и на произтичащите от това особено широкообхватни международни задължения,
– having regard to the EU-China political dialogue, which was formally established in 1994 in recognition of China's status as a future world power and the particularly far-reaching international obligations inherent in that status,
– като взе предвид съобщението на Комисията до Съвета и Европейския парламент, озаглавено „Дългосрочна политика за отношенията между Китай и Европа“ ( COM(1995)0279 ), и резолюцията на Парламента от 12 юни 1997 г. относно съобщението на Комисията относно дългосрочната политика за отношенията между Китай и Европа
– having regard to the Commission Communication to the Council and the European Parliament entitled "A Long Term Policy for China-Europe Relations" ( COM(1995)0279 ) and to Parliament's resolution of 12 June 1997 on the Commission Communication on a long-term policy for China-Europe relations
– като взе предвид Декларацията на хилядолетието на ООН от 8 септември 2000 г.,
– having regard to the United Nations (UN) Millennium Declaration of 8 September 2000,
– като взе предвид Пекинската декларация от Форума за сътрудничество между Китай и Африка (FOCAC) и неговата програма от октомври 2000 г. за сътрудничество между Китай и Африка в областта на икономическото и социалното развитие,
– having regard to the Beijing Declaration of the Forum on China-Africa Cooperation (FOCAC) and to its Programme for China-Africa Cooperation in Economic and Social Development of October 2000,
– като взе предвид Декларацията от Кайро (2000 г.) от срещата на върха Африка-Европа под егидата на Организацията за африканско единство (OAЕ) и ЕС,
– having regard to the Cairo Declaration (2000) of the Africa-Europe Summit under the aegis of the Organisation of African Unity (OAU) and the EU,
– като взе предвид доклада за 2001 г. на Организацията за икономическо сътрудничество и развитие (ОИСР), озаглавен „Насоки на Комитета за подпомагане на развитието: Стратегии за устойчиво развитие: Насоки за сътрудничество за развитие“,
– having regard to the 2001 Report of the Organisation for Economic Co-operation and Development (OECD) entitled "The DAC Guidelines; Strategies for Sustainable Development; Guidance for Development Cooperation",
– като взе предвид акта за създаване на Африканския съюз (АС) от 2002 г. и документа на африканските лидери от октомври 2001 г., озаглавен „Новото партньорство за развитие на Африка“ (NEPAD), който беше обявен за програма на АС на първата му среща на върха,
– having regard to the 2002 Constitutive Act of the African Union (AU) and the African leaders' October 2001 document entitled "The New Partnership for Africa's Development" (NEPAD), which was declared a programme of the AU at the first AU Summit,
– като взе предвид политическите документи на Китай относно ЕС (2003 г.)
– having regard to China's policy papers on the EU (2003)
Пекин, октомври 2003 г.,
Beijing, October 2003,
http://www.china-un.ch/eng/xwdt/t88637.htm . и относно африканската политика (2006 г.)
http://www.china-un.ch/eng/xwdt/t88637.htm . and on African Policy (2006)
Пекин, 12 януари 2006 г.,
Beijing, 12 January 2006,
– като взе предвид политическия документ на Комисията, озаглавен „Развиващо се партньорство - споделени интереси и предизвикателства в областта на отношенията между ЕС и Китай“ ( COM(2003)0533 ), одобрен от Европейския съвет на 13 октомври 2003 г.,
– having regard to the Commission policy paper entitled “A maturing partnership-shared interests and challenges in EU-China relations”, ( COM(2003)0533 ) endorsed by the European Council on 13 October 2003,
– като взе предвид стратегическото партньорство между ЕС и Китай, чието начало беше поставено през 2003 г.,
– having regard to the EU-China Strategic Partnership launched in 2003,
– като взе предвид плана за действие от Адис Абеба от Форума за сътрудничество между Китай и Африка, публикуван през декември 2003 г.,
– having regard to the Addis Ababa Action Plan of the FOCAC published in December 2003,
– като взе предвид стратегическия план за периода 2004-2007 г. на комисията на АС, приет на 7 юли 2004 г. на третата среща на върха на африкански държавни и правителствени ръководители в Адис Абеба, Етиопия,
– having regard to the 2004-2007 Strategic Plan of the Commission of the AU adopted on 7 July 2004 at the third Summit of African Heads of State and Government in Addis Ababa, Ethiopia,
– като взе предвид Парижката декларация относно ефективността на помощите, приета от много европейски и африкански страни, както и от Китай, на 2 март 2005 г. след форума на високо равнище относно ефективността на помощите,
– having regard to the Paris Declaration on Aid Effectiveness adopted on 2 March 2005, following the High-Level Forum on Aid Effectiveness, by many European and African countries as well as by China,
– като взе предвид ангажиментите, поети от Г-8 в Гленийгълс на 8 юли 2005 г.,
– having regard to the Gleneagles commitments adopted by the G8 at Gleneagles on 8 July 2005,
– като взе предвид заключенията на Европейския съвет от 19 декември 2005 г. относно „ЕС и Африка: Към стратегическо партньорство“,
– having regard to the Conclusions of the European Council of 19 December 2005 on "The EU and Africa: Towards a Strategic Partnership",
– като взе предвид заключенията, приети от Съвета по общи въпроси и външни отношения на заседанието му от 3 октомври 2005 г., в които се изразява подкрепата на ЕС по отношение на международен договор за търговия с оръжие в рамките на ООН, който би установил задължителни общи стандарти за световната търговия с конвенционални оръжия
– having regard to the Conclusions adopted by the General Affairs and External Relations Council (GAERC), at its meeting of 3 October 2005, expressing EU support for an International Arms Trade Treaty within the framework of the UN, which would establish binding common standards for the global trade in conventional arms
2678-мо заседание на Съвета на Европейския съюз, Люксембург, 3 октомври 2005 г. ,
Council of the European Union 2678th meeting, Luxembourg, 3 October 2005. ,