(32a) In order to better address the issue of sovereign debt, the Commission should submit a report to the European Parliament and the Council to establish a fully independent public European credit rating agency dedicated to assessing the creditworthiness of Members States’ sovereign debt.

2. Reminds that European public spending cannot be exempt from the considerable efforts made by the Member States to bring their public spending under control, stresses that the action taken in recent years to curb annual growth in European payment appropriations should therefore be stepped up progressively over the remaining years of this financial perspective and payment appropriations should increase, at most, by no more than inflation over the next financial perspectives; consistent with this, the commitment appropriations over t ...[+++]he next multiannual financial framework should not exceed the 2013 level with a growth rate below the rate of inflation;

76. Considers that this framework should take into account experience of existing revolving instruments provided by public financial intermediaries, involve existing EU funds and be designed to attract other public or private funds to create the highest leverage possible; considers that the European Commission cannot always be the sole source of all financial resources; calls upon the commission to fulfil a key role in unlocking and leveraging funding that is available in both public and private financial institutions; considers that the Commission should encourage financial institutions as well as funding programs such as the European Investmen ...[+++]t Bank to give high priority to innovative energy efficiency initiatives, especially when these contribute to other EU goals such as job growth;

1. Consultation in accordance with the procedure laid down in Section II shall take place where it is proposed — by a State, any other State organisation or any State body for credit insurance or finance — to grant or guarantee, fully or partially, foreign credits:

5. Is aware of the difficult political, economic and social context in several Member States, but recalls that the EU budget has increased by 8.2% between 1996 and 2002, while the average increase in national budgets (EU-15) has been 22.9%; notes that the MacDougall report considers that the European budget should amount to 2% to 2.5% of Member States' GDP; takes the opportunity to point out that the ceiling of own resources decided in 1993 for 15 Member States has remained unchanged since then, i.e. 1.31% of EU GNI for commitment appropriations and 1.24% of EU GNI for payment appropriations; recalls that the level of the EU budget currently accounts for under 2.5% of aggregate public ...[+++] spending in the Union compared to an average of 47% of EU GNI for total public spending;

Consultation in accordance with the procedure laid down in Section II shall take place where it is proposed - by the State, any other State organization or any body for credit insurance or finance - to grant or guarantee, fully or partially, foreign credits: - linked to exports of goods or services