Translation of "Prêt entièrement garanti " (French → English) :

fully subsidized guaranteed loan

fully underwritten lending commitment

unsecured loan | non-recourse loan

summary statement of loans and guarantees

budgetary reserve (EU) [ agricultural reserve | EAGGF monetary reserve | EC budgetary reserve | guarantee fund for lending operations | guarantee fund for lending transactions ]

120. Calls on the Commission, pending the adoption of a full CCCTB and its full implementation at EU level, to take immediate action in order to ensure effective taxation, reduce profit shifting (mainly through transfer pricing), prepare, pending consolidation, an interim regime offsetting cross-border profits and losses, which should be temporary in nature and with sufficient guarantees that it will not create any further opportunity for aggressive tax planning, and further introduce appropriate and effective anti-abuse rules in all ...[+++]relevant directives; calls on the Commission to check the existing directives and draft directives in the field of tax and company law as regards their adequacy for enforcing effective taxation; calls on the Council to prepare for the prompt adoption of these provisions; emphasises that, if it is to achieve one of its goals, i.e. reducing red tape, the application of a common consolidated tax base should be accompanied by the implementation of common accounting rules and appropriate harmonisation of administrative practices in tax matters;

1. Supports the decision by EIB shareholders to increase the fully paid-in subscribed capital by EUR 10 billion, which should allow the EIB to provide up to EUR 60 billion in additional long-term lending; calls for an explanation on the consonance of that additional intervention capacity with Article 16(5) of Protocol No 5 to the Treaty on the Functioning of the European Union on the statute of the EIB, which provides that the aggregate amount outstanding of loans and guarantees must not exceed 2.5 times the subscribed capital;

As a rule, the EU guarantee shall not be granted for supporting refinancing operations (such as replacing existing loan agreements or other forms of financial support for projects which have already partially or fully materialised), except in exceptional and well-justified circumstances where it is demonstrated that such a transaction will enable a new investment of an amount at least equivalent to the amount of the transaction and that would fulfil the eligibility criteria and general objectives laid down in Article 6 and Article 9(2) respectively.

As a rule, the EU guarantee shall not be granted for supporting refinancing operations (such as replacing existing loan agreements or other forms of financial support for projects which have already partially or fully materialised), except in exceptional and well-justified circumstances where it is demonstrated that such a transaction will enable a new investment of an amount at least equivalent to the amount of the transaction and that would fulfil the eligibility criteria and general objectives laid down in Article 6 and Article 9(2) respectively.