European Parliament Intergroup on long term investment and reindustrialisation

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The European Parliament Intergroup on long term investment and reindustrialisation or #invest 4 future is an intergroup of the European Parliament's legislators which focuses on financing of long-term sustainable investment in the real economy within the European Union. It is aimed to accompany European regulatory work during the period 2014-2019. [1]

European Parliament Directly elected parliament of the European Union

The European Parliament (EP) is the legislative branch of the European Union and one of its seven institutions. Together with the Council of the European Union, it adopts European legislation, normally on a proposal from the European Commission. The Parliament is composed of 751 members (MEPs), intended to become 705 starting from the 2019–2024 legislature because of specific provisions adopted about Brexit, who represent the second-largest democratic electorate in the world and the largest trans-national democratic electorate in the world.

European Union Economic and political union of European states

The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km2 (1,728,099 sq mi) and an estimated total population of about 513 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states in those matters, and only those matters, where members have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market, enact legislation in justice and home affairs and maintain common policies on trade, agriculture, fisheries and regional development. For travel within the Schengen Area, passport controls have been abolished. A monetary union was established in 1999 and came into full force in 2002 and is composed of 19 EU member states which use the euro currency.

Contents

Creation

The intergroup was set up at the end of 2014, in the context of the Juncker Plan, [2] after a campaign involving different political groups of the European Parliament (Progressive Alliance of Socialists and Democrats, Group of the European People's Party, the Alliance of Liberals and Democrats for Europe), and actors from the public and private financial spheres and from the real economy, such as the European insurance and reinsurance federation (Insurance Europe), the European Association of Craft, Small and Medium-Sized Enterprises (UEAPME), the Association of European Chambers of Commerce and Industry (EUROCHAMBRES), and the European Trade Union Confederation (ETUC). The campaign was initiated by the French Caisse des Dépôts et Consignations, the Italian Cassa Depositi e Prestiti and the German KfW. [3]

Progressive Alliance of Socialists and Democrats One of the main political groups in the European Parliament

The Progressive Alliance of Socialists and Democrats (S&D) is the political group in the European Parliament of the Party of European Socialists (PES). The Progressive Alliance of Socialists and Democrats was officially founded as a Socialist Group on 29 June 1953 which makes it the second oldest political group in the European Parliament after the Alliance of Liberals and Democrats for Europe Group (ALDE). It adopted its present-day name on 23 June 2009. Centre-left in orientation, the group mostly comprises social-democratic parties and is affiliated with the Progressive Alliance.

Insurance Europe is the European insurance and reinsurance federation. Through its 37 member bodies — the national insurance associations — it represents all types of insurance and reinsurance undertakings, e.g. pan-European companies, monoliners, mutuals and SMEs. Insurance Europe, which is based in Brussels, Belgium, represents undertakings that account for around 95% of total European premium income. Insurance makes a major contribution to Europe's economic growth and development. European insurers generate premium income of €1,200bn, employ almost one million people and invest more than €10,200bn in the economy.

The European Association of Craft, Small and Medium-Sized Enterprises or UEAPME is an umbrella group for associations of SMEs based in Brussels, Belgium. UEAPME represents the interests of European crafts, trades and SMEs at EU level. Its 67 member organisations from 34 European countries consist of national cross-sectorial SME federations, European branch federations and other associate members. Its members combined represent more than 12 million enterprises, which employ around 50 million people across Europe. UEAPME is a recognised European Social Partner.

Membership

Presidency

It is headed by President Dominique Riquet ; vice-presidents include Simona Bonafé, Burkhard Balz and Adina-Ioana Valean.

Dominique Riquet French politician

Dominique Riquet is a French surgeon and politician who is a Christian Democrat Member of the European Parliament (MEP) and mayor of Valenciennes elected in the 2009 European election for the North-West constituency. He is a member of the Radical Party, a party affiliated with the Union for a Popular Movement.

Simona Bonafé Italian politician

Simona Bonafé is an Italian politician and journalist who currently serves as a member of the European Parliament.

Burkhard Balz German politician and Member of the European Parliament

Burkhard Balz is a German politician of the Christian Democratic Union of Germany, part of the European People's Party. From 2009 until 2018, he served as Member of the European Parliament (MEP) from Germany.

Members

As of May 2015 (in the eighth European Parliament) the organisation consists of 71 members, including the aforementioned. [4]

Eighth European Parliament Session of the European Parliament from 2014 to 2019

The eighth European Parliament was elected in the 2014 elections and lasted until the 2019 elections.

By political group:

Europe of Freedom and Direct Democracy Political group in the European Parliament

Europe of Freedom and Direct Democracy was a Eurosceptic and populist political group in the European Parliament. The EFDD group was a continuation for the Eighth European Parliament of the Europe of Freedom and Democracy (EFD) group that existed during the Seventh European Parliament, with significant changes to group membership.

Partners

About 35 European federations, national associations and single entities have brought their support to the intergroup. [5]

Secretariat

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References

  1. "website of the intergroup, section Presentation".
  2. « Les intergroupes, laboratoires politiques des eurodéputés » Contexte, 25 December 2014.
  3. « Les investisseurs de long terme veulent peser au Parlement européen » Agefi, 24 November 2014.
  4. "website of the intergroup, section Members".
  5. "webstite of the intergroup, section Supports". Archived from the original on 2015-02-13. Retrieved 2015-05-03.