Federica Mogherini,Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy. – Mr President, let me first of all thank the rapporteurs, Roberto Gualtieri and José Manuel Fernandes, for their excellent work on this file. But I’d also like to extend my thanks to their respective Committee on Economic and Monetary Affairs (ECON) and the Committee on Budgets (BUDG), the associated committees and all the shadow rapporteurs for their constructive work in a very limited amount of time. This House has continuously backed the Commission’s initiatives in support of investments throughout this mandate. The Commission welcomes the agreement reached between the co—legislators and would like to read out in full the following statement (it’s short, as agreed during trilogue negotiations):
‘Without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact, one of contributions by Member States, either by a Member State or by national promotional banks, classified in the general government sector, or acting on behalf of a Member State, into thematic or multi-country investment platforms should in principle qualify as one-off measures, within the meaning of Articles 5(1) and 9(1) of Council Regulation No 1466/97 and Article 3(4) of Council Regulation No 1467-97. In addition, without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact, the Commission will consider, in future, updates of the implementation guidelines of the SGP, to what extent the same treatment as for EFSI in the context of the Commission communication on flexibility can be applied to invest-EU as the successor instrument to EFSI with regard to one of contributions provided by Member States, in cash, to finance an additional amount of the EU guarantee for the purposes of the Member State’s compartment.’