Explanation of Votes

Explanation of vote for the Report

I am voting for this legislative proposal because it introduces needed changes to transfer resources between categories and goals for expenditure in order to keep abreast of set priorities. Especially, the proposal supports the continuation of the Youth Employment Initiative and takes into account the new eligible status of Cyprus under the Cohesion Fund. However

Explanation of Votes

Towards a pan-European covered bonds framework

Covered bonds have already proved themselves over centuries in some of European markets. They have provided robust and flexible methods for raising finance, benefitting both issuers and investors in a reasonably transparent framework. In the run-up to the Commission’s proposal for a Directive, the European Parliament has approved a comprehensive and well-balanced resolution. As Shadow