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Parliamentary questions
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3 March 2015
E-003464-15
Question for written answer E-003464-15
to the Commission
Rule 130
Hugues Bayet (S&D) , Maria Arena (S&D) , Pervenche Berès (S&D) , Nessa Childers (S&D) , Anneliese Dodds (S&D) , Jonás Fernández (S&D) , Eva Kaili (S&D) , Maria João Rodrigues (S&D) , Alfred Sant (S&D) , Marc Tarabella (S&D) , Kathleen Van Brempt (S&D) , Mady Delvaux (S&D)

 Subject:  The ESA 2010 standards: an obstacle to recovery
 Answer in writing 

There is still a lot of uncertainty surrounding economic recovery in the Union.

Private investment remains very sluggish, as was demonstrated by the repercussions of the rate cuts carried out by the ECB and the results of the TLTRO operation.

The recent quantitative easing operation will also need to demonstrate its effectiveness in this extremely skittish environment.

As a consequence, the situation also requires a change in budgetary policy so that, in particular, greater use is made of strategic public investment as a lever for European recovery.

Unfortunately, the new ESA 2010 accounting standards are significantly hindering the investment of many municipal and regional authorities within the Member States. This is essentially attributable to the lack of a means to capitalise the creation of wealth and the lack of a means to depreciate these investments over a period of several years. This situation clearly has implications for the development of the authorities concerned and, of course, for the speed of European recovery.

1. Does the Commission intend to evaluate the means of applying these standards and the impacts on the investments of the authorities concerned?

2. Does the Commission intend to look into the possibility of offsetting part of these investments in the calculation of the deficits and the debt?

Original language of question: FR 
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