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Parliament, Council start negotiations on investment fund

BUDG ECON Budget / Economic and monetary affairs23-04-2015 - 14:01

Negotiators of the European Parliament and the Council opened negotiations on the European Fund for Strategic Investments (EFSI) on Wednesday. (Read more: Parliament, Council start negotiations on investment fund )

 

Strategic Investment Fund: committees back Juncker Plan, but not programme cuts

ECON BUDG Budget / Economic and monetary affairs20-04-2015 - 18:14

A negotiating brief on the “Juncker” plan for a European Fund for Strategic Investments (EFSI) to guarantee growth and job-creating investment was backed by the Budgets and Economic and Monetary Affairs committees on Monday evening. But MEPs contested plans to feed the fund from the EU research and transport investment budgets, and called for more parliamentary control over its leadership and goals. (Read more: Strategic Investment Fund: committees back Juncker Plan, but not programme cuts )

 

EP backs carry-over of EU funding for late-starter national programmes

Plenary Session Budget15-04-2015 - 19:25

Parliament agreed to changes to ceilings in the EU’s Multiannual Financial Framework for 2014-2020 on Wednesday, to help fund 300 state-managed programmes, in all EU member states, that started too late to qualify for EU funding in 2014. These changes would allow €21.1 billion in unused commitment appropriations to be carried over from 2014 to 2015-17. (Read more: EP backs carry-over of EU funding for late-starter national programmes )

 

Around 2,500 redundant workers of the former French road haulage company Mory-Ducros, which closed in 2014, should get EU aid worth €6 million to help them back into work, said Budgets Committee MEPs in a vote on Wednesday. The European Globalisation Adjustment Fund aid still needs to be approved by Parliament as a whole and the Council of Ministers. (Read more: EU job-search aid for redundant workers at French trucking firm Mory-Ducros )

 

Parliament approves EU aid for redundant workers in Greece and Ireland

Plenary Session Budget25-03-2015 - 19:16

More than 2,000 workers made redundant in Greece and Ireland in 2014 will receive EU aid worth €11.3 million to help them find jobs, Parliament decided on Wednesday. The European Globalisation Adjustment Fund (EGF) aid has already been approved by the EU Council of Ministers. (Read more: Parliament approves EU aid for redundant workers in Greece and Ireland )

 
EU budget management © BELGA/EASYFOTOSTOCK  

The European Commission managed its 2013 EU budget funds according to the rules, so Parliament should grant it a “discharge” (approval) for that year, said the Budgetary Control Committee on Tuesday. MEPs nonetheless criticised high administrative error rates in agriculture, regional and employment policy spending, which is managed mainly by EU member states. Parliament’s own management of EU funds in 2013 was also approved, in a separate vote. (Read more: EU budget management: Commission and Parliament spending for 2013 approved )

 
Vote on the EU budget discharge ©BELGA/BELPRESS/P.Clement  

The European Institute of Innovation and Technology (EIT) and four EU/private new-technology partnerships must do more to show that their EU funds for 2013 were well spent before the European Parliament approves their accounts, said Budgetary Control Committee MEPs on Monday. (Read more: EU budget management:innovation agency and ITER project fail 2013 discharge test )

 

More than 2,000 workers made redundant in Greece and Ireland in 2014 should receive EU aid worth €11.3 million to help them find jobs, the Budgets Committee recommended on Monday. The European Globalisation Adjustment Fund (EGF) aid still has to be approved by Parliament as a whole. (Read more: Budgets Committee approves EU aid for redundant workers in Greece and Ireland )

 

EP must have bigger role in new investment fund, say budget and economics MEPs

BUDG ECON Budget / Economic and monetary affairs12-03-2015 - 10:32

Parliament should have a bigger role in supervising the operations of the new European Fund for Strategic Investment (EFSI), in selecting its top officials and in the decisions on how to feed the guarantee fund, says the draft report by the budgets and the economic and monetary affairs committees, presented and discussed on Thursday in Strasbourg. (Read more: EP must have bigger role in new investment fund, say budget and economics MEPs )

 

Next year’s EU budget priorities should be to foster growth by supporting job-creation, firms and entrepreneurship; to show solidarity with countries both inside and outside the EU; and to put EU finances in order by tackling the overdue payments backlog and reforming the EU's revenue system, said Parliament in a resolution passed on Wednesday. (Read more: Growth, solidarity and paying the bills are Parliament's 2016 budget priorities )