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12 Mar 2015

EP claims stronger role in EFSI

The European Parliament's Budgets Committee and the Economic and Monetary Affairs Committee presented and discussed a joint draft report on the new European Fund for Strategic Investment (EFSI) in Strasbourg on 11 March 2015. The report states that Parliament should have a bigger role in supervising the operations of the EFSI, in selecting its top officials and in the decisions on how to feed the guarantee fund.

In particular, the draft report asks for the following changes to the EFSI proposal and outlines how they should be implemented:

  • Parliamentary supervision over EFSI operations
  • Greater control over leadership and setup of new bodies
  • Feeding the €16 billion guarantee fund.

On 20 April 2015, the two parliamentary committees will vote on these proposed amendments. The plenary vote is due to take place in late June or early July 2015.

For more information:

European Parliament press release

EFSI legal proposal

 

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