Page 3 - ePaper
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23. How will the Commission ensure that a Fund depending essentially on private participation will
invest in projects aiming to promote sustainable and environmentally-friendly economic
growth? ........................................................................................................................ ................. 13
24. How will the Commission ensure that the EFSI will address macro-economic imbalances among
EU Member States and, particularly, that the most depressed economies will benefit from these
investments? ................................................................................................................... .............. 13
25. When will the criteria for the selection of projects be defined? What is the procedure for the
negotiation of the agreement with the EIB on the establishment of the EFSI and the investment
guidelines?.................................................................................................................... ................. 13
26. What about state aid?...................................................................................................... ............. 14
27. How will the €8 billion earmarking within the EU budget provide €16 billion of guarantees to the
EFSI? .......................................................................................................................... .................... 14
28. Is it sufficiently credible to work? ................................................................................................. 14
29. Will mobilising € 8 billion from the EU budget require an amending Budget 2015? Will that
require the mobilisation of some flexibility mechanisms foreseen in the MFF 2014 -2020
Regulation?.................................................................................................................... ................ 15
30. Would the possibility to have "paid in capital" in the EFSI increase its financing capacity? ........ 15
31. As money will be transferred from Horizon 2020 to the EFSI, does this mean the money initially
foreseen for Horizon 2020 is lost? ................................................................................................ 15
32. Where is the money taken from? How much is it?....................................................................... 16
33. Why is money taken from the excellent and successful European Research Council? Is the
Commission against research?................................................................................................... ... 16
34. Why is money taken from innovation but not from other policies like agriculture?.................... 16
35. Can the debt and risk financing instruments in the EFSI be combined with structural funds?.... 16
36. Isn't there an overlap between the EFSI and the European Structural and Investment Funds
(ESIF)?........................................................................................................................ .................... 17
37. Would it be possible for Member States to contribute to the EFSI from structural funds and their
national contribution (co-financing)?.......................................................................................... .. 17
38. What options could exist for these contributions in the form of cash and guarantees? ............. 17
39. The EFSI is supposed to start working at the beginning of 2015 thanks to a "frontloading "of the
€5 billion EIB participation. How will this work concretely?......................................................... 17
40. How will the EIB provide these financial resources? Does this reduce other EIB activities
accordingly?................................................................................................................... ................ 18
3
invest in projects aiming to promote sustainable and environmentally-friendly economic
growth? ........................................................................................................................ ................. 13
24. How will the Commission ensure that the EFSI will address macro-economic imbalances among
EU Member States and, particularly, that the most depressed economies will benefit from these
investments? ................................................................................................................... .............. 13
25. When will the criteria for the selection of projects be defined? What is the procedure for the
negotiation of the agreement with the EIB on the establishment of the EFSI and the investment
guidelines?.................................................................................................................... ................. 13
26. What about state aid?...................................................................................................... ............. 14
27. How will the €8 billion earmarking within the EU budget provide €16 billion of guarantees to the
EFSI? .......................................................................................................................... .................... 14
28. Is it sufficiently credible to work? ................................................................................................. 14
29. Will mobilising € 8 billion from the EU budget require an amending Budget 2015? Will that
require the mobilisation of some flexibility mechanisms foreseen in the MFF 2014 -2020
Regulation?.................................................................................................................... ................ 15
30. Would the possibility to have "paid in capital" in the EFSI increase its financing capacity? ........ 15
31. As money will be transferred from Horizon 2020 to the EFSI, does this mean the money initially
foreseen for Horizon 2020 is lost? ................................................................................................ 15
32. Where is the money taken from? How much is it?....................................................................... 16
33. Why is money taken from the excellent and successful European Research Council? Is the
Commission against research?................................................................................................... ... 16
34. Why is money taken from innovation but not from other policies like agriculture?.................... 16
35. Can the debt and risk financing instruments in the EFSI be combined with structural funds?.... 16
36. Isn't there an overlap between the EFSI and the European Structural and Investment Funds
(ESIF)?........................................................................................................................ .................... 17
37. Would it be possible for Member States to contribute to the EFSI from structural funds and their
national contribution (co-financing)?.......................................................................................... .. 17
38. What options could exist for these contributions in the form of cash and guarantees? ............. 17
39. The EFSI is supposed to start working at the beginning of 2015 thanks to a "frontloading "of the
€5 billion EIB participation. How will this work concretely?......................................................... 17
40. How will the EIB provide these financial resources? Does this reduce other EIB activities
accordingly?................................................................................................................... ................ 18
3
