Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-16-Speech-3-103-721"
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"en.20140416.122.3-103-721"2
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"Point 26 of the conclusions of the European Council 19/20 December 2013 called on the Commission and the EIB further to enhance the capacity of the EIF through an increase in its capital, setting a deadline of reaching a final agreement by May 2014. It is proposed to use part of the appropriations available for COSME and Horizon 2020 for a proposed EIF capital increase. The EU subscription to the new shares in the EIF would be made over a four year period starting in 2014 and would cost approximately €170m (dividends being used to cover part of the cost of the new shares). The necessary adjustment to the 2014 budget has been proposed separately in draft amending budget No.1 to the EU budget 2014. It is budgetary-neutral and its final outcome contains a change as to the treatment of revenue from dividends in the period 2014 -2017. In trilogue it was decided not to treat dividends as assigned revenue at this stage but the Parliament and the Council will address the issue in the framework of the next revision of the financial regulation or, at the latest, in the context of the interim report due by the end of 2016. I voted in favour of the report."@en1
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