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Parliamentary questions
20 January 2016
E-000365-16
Question for written answer
to the Commission
Rule 130
Renato Soru (S&D)

 Subject:  EFSI
 Answer(s) 

Under Regulation (EU) 2015/1017 of the European Parliament and the Council on the European Fund for Strategic Investments (EFSI), projects to be funded will be selected according to their ‘additionality’, i.e. if they could not be carried out without the support of the EU guarantee. Since vulnerable economies have a higher level of risk for investors, the regulation stipulates that the EFSI will encourage investment in the regions most affected by the crisis.

According to data provided by the Commission and the ECB, the credit situation in Germany could be regarded as among the best in the EU, due to its financing costs (Source: Composite cost of borrowing indicators 2015, European Central Bank) and the percentage of applications approved (Source: Survey on the access to finance of enterprises (SAFE) 2014, European Commission, European Central Bank).

Can the Commission provide the data and studies used to ensure that the additionality criterion is complied with for EFSI investments in Germany? More generally, what measures have been taken to ensure that the EFSI does not exacerbate economic divergences between EU regions by financing projects in Member States that are already more developed?

Original language of question: IT 
Last updated: 10 February 2016Legal notice