Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-15-Speech-3-227"

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"en.20020515.9.3-227"2
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"The Spanish Presidency succeeded in launching the idea of creating a Euro-Mediterranean bank, highlighting awareness of the need to increase investment flows throughout that region. The Barcelona European Council of March 2002 consequently agreed to the creation within the EIB of a reinforced Euro-Mediterranean Investment Facility within the EIB, which would be set in motion as soon as possible, complemented by the Euro-Mediterranean Association Agreement and an EIB representative office located in the area. It should be added that on the basis of an evaluation of loans provided by the Facility and taking account of the outcome of the consultations held with our partners in the Barcelona process a decision on the incorporation of an EIB majority-owned subsidiary dedicated to our Mediterranean Partner Countries will be considered and taken one year after the launching of the Facility The Ministerial Conference of Ministers for Foreign Affairs on the Mediterranean dialogue, held on 22 and 23 of April in Valencia, warmly welcomed Ecofin and the Barcelona European Council’s conclusions on this matter. It also formalised, first the opening of this new structure within the EIB and, secondly, the fact that a year after the project’s launch, the possibility of opening an independent subsidiary of this European Investment Bank especially dedicated to Euro-Mediterranean financing will be considered."@en1

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1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz

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