you're reading...
Economic and Social Policies, PUBLICATIONS

European Investment Stabilisation Function (EISF) [EU Legislation in Progress]

Forex Trading Blue Concept Background Illustration with Forex Graph Stats.
© Tomasz Zajda / Fotolia

The idea behind the Commission’s proposed European Investment Stabilisation Function is to use dedicated financial means from the EU budget to help Member States stabilise their economies in the event of a major asymmetric shock. The Commission would borrow on the financial markets and then lend to the country concerned, which would use the money to finance public investment. Once the crisis was over, the Member State would reimburse the debt. The Commission hopes the other Member States would agree to subsidise the interest payments incurred. The function would be limited to euro-area countries, but those that have entered the exchange rate mechanism II (ERM II) might also benefit. The lending would be quasi automatic once statistical data showed an exceptional and steep rise in unemployment. The dossier has met with considerable opposition at Council level.

Versions

Proposal for a regulation of the European Parliament and of the Council on the establishment of a European Investment Stabilisation Function
Committees responsible: Economic and Monetary Affairs (ECON) and Budgets (BUDG) (jointly under Rule 55) COM(2018) 387 31.5.2018
Rapporteur: Pervenche Berès (S&D, France) and Reimer Böge (EPP, Germany) 2018/0212(COD)
Shadow rapporteurs: Manuel dos Santos (S&D, Portugal)
Bernd Kölmel (ECR, Germany)
Bernd Lucke (ECR, Germany)
Urmas Paet (ALDE, Estonia)
Ramon Tremosa i Balcells (ALDE, Spain)
Liadh Ní Riada (GUE/NGL, Ireland)
Martin Schirdewan (GUE/NGL, Germany)
Philippe Lamberts (Greens/EFA, Belgium)
Jordi Solé (Greens/EFA, Spain)
Marco Valli (EFDD, Italy)
Marco Zanni (ENF, Italy)
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
Next steps expected: Vote in committee
EU Legislation in progress timeline

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download the EPRS App

EPRS App on Google Play
EPRS App on App Store
What Europe Does For You
EU Legislation in Progress
Topical Digests
EPRS Podcasts

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,085 other followers

RSS Link to Members’ Research Service

Disclaimer and Copyright statement

The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.

For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.

Copyright © European Union, 2014-2019. All rights reserved.

%d bloggers like this: