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Procedure

The borrowing strategy to finance Next Generation EU, the Union’s Recovery instrument

2021/2076(INI)·9th term·BUDG·INI - Own-initiative procedure·CompletedProcedure completed
Subjects: Budget of the Union · Financing of the budget, own resources
Rapporteurs (the Member appointed to lead Parliament's work on this text): FERNANDES José Manuel (EPP), HAYER Valérie (Renew)
Summary

This own-initiative report concerns the borrowing strategy to finance Next Generation EU, the Union's Recovery instrument. The amendments describe NGEU as the EU's first common borrowing programme managed by the Commission, with repayment scheduled to 2058; they address green-bond issuance and greenwashing, bonds, bills and maturities, the Primary Dealers' Network, the Market Abuse Regulation, rising interest rates and inflation, the ECB's role, and effects on EU capital markets.

Procedure timeline

  1. Committee amendments tabled
    1 Jul 2022
  2. Plenary vote — Passed
    22 Nov 2022 · On the motion for a resolution — the text as a whole
  3. Procedure completed
83
Amendments
distinct, in window
14
Members
tabled at least one
1
Committee(s)
1 Jul 2022
Dates

Plenary votes

1 roll-call votes

In plenary, Parliament usually votes in steps: first on amendments to the text (sometimes split into parts, so Members can accept one half of a sentence and reject the other), then on the text as a whole. The “main vote” is the one that adopts or rejects the text itself. Each vote below shows exactly which step it was. How voting works →

  1. 22 Nov 2022Main votePassedoutcome from totals
    On the motion for a resolution — the text as a whole
    Official label: Proposition de résolution (ensemble du texte) · what was voted ↗
    474 for80 against78 abstentions72 did not vote
    For
    Against
    Abst.

    Click a group to see each Member’s position.

Vote data: HowTheyVote.eu (ODbL, attribution) / European Parliament · roll-call votes only

Official amendment documents

PE734.348 ↗

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Full record

Members who amended this procedure

14 Members · by amendment count
1🇫🇷
Valérie HAYER
Renew Europe · France
20
2🇵🇹
José Manuel FERNANDES
European People's Party (EPP) · Portugal
20
3🇫🇷
David CORMAND
Greens / EFA · France
19(19 solo)
4🇩🇪
Joachim KUHS
Identity & Democracy · Germany
19
5🇩🇪
Gunnar BECK
Identity & Democracy · Germany
19
6🇵🇹
Margarida MARQUES
Socialists & Democrats · Portugal
15
7🇮🇹
Elisabetta GUALMINI
Socialists & Democrats · Italy
15
8🇪🇸
Eider GARDIAZABAL RUBIAL
Socialists & Democrats · Spain
15
9🇭🇺
Andor DELI
Non-attached · Hungary
5
10🇭🇺
András GYÜRK
Patriots for Europe · Hungary
5
11🇭🇺
Tamás DEUTSCH
Patriots for Europe · Hungary
5
12🇭🇺
Enikő GYŐRI
Patriots for Europe · Hungary
5
13🇷🇴
Siegfried MUREŞAN
European People's Party (EPP) · Romania
3(3 solo)
14🇷🇴
Victor NEGRESCU
Socialists & Democrats · Romania
2(2 solo)

The amendments, in full text

83 amendments

Every amendment as tabled — original text, proposed change and justification, with a link to the official PDF.

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