Opinion Factsheet  

The Reform Support Programme and European Investment Stabilisation Function

Opinion Number: CDR 3764/2018
Rapporteur: ZRIHEN Olga
Commission: ECON
Status: Adopted
Date: 06/12/2018

On the Reform Support Programme

 calls for a better definition of the scope of reforms to be supported, which, to respect subsidiarity, should be relevant for the implementation of EU Treaty objectives, relate directly to EU competences and bring EU value added;

 welcomes the idea of supporting Member States willing to engage in far-reaching reform commitments through financial contributions and technical assistance, as well as of a convergence facility for Member States having made demonstrable steps towards joining the euro;

 calls for financial support to be allocated between Member States on the basis of cohesion policy indicators instead of population;

 strongly supports the idea that country-specific recommendations should promote investments no less than regulatory reforms, investment-related CSRs should be aligned with the ESIF long-term objectives and the Programme should coordinate all relevant EU spending programmes;

 notes the increased importance of the European Semester and stresses that, to ensure ownership and effective implementation of reforms, local and regional authorities should be involved in the Semester from its initial phases as design and implementation partners, and that this should become a criterion to assess the credibility of reform implementation arrangements;

 stresses that access of local and regional authorities to the technical support instrument under the programme should be pro-actively encouraged at all levels of government;

On the European Investment Stabilisation Function

 stresses that protection from the impact of asymmetric shocks should be ensured for investments by all levels of government;

 welcomes the EISF and reiterates its call to the European Commission to develop over time a fully-fledged insurance mechanism to cater for stabilisation, with a borrowing capacity based on contributions by Member States.