Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-11-21-Speech-4-019"
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"en.20021121.1.4-019"2
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"Madam President, Commissioner Monti, President Maystadt, please allow me to congratulate the rapporteur on her calls for the EIB to attain higher targets in terms of support provided for the Member States’ economies.
This Bank performs a special task: the distribution not of all funds, but only of funds intended to contribute to the achievement of the Union’s objectives. This institutional task has helped to create new wealth and to support entrepreneurial initiatives in the regions of the Union which are most lagging behind. The Bank’s efforts to support certain sectors, such as the environment sector, where EUR 5.9 billion has been allocated to environmental protection projects, are certainly commendable.
The most important aspect for territorial development is still support for SMEs. In this case, partner banks which also distribute funds need to provide detailed information about the investments. It has therefore been suggested that a credit ceiling is set in advance for SMEs and that, at the end of the financial year, a report is submitted to the European Parliament on the actual use of the pre-established ceiling and on any reasons or difficulties encountered which caused it not to be used, or only to be used in part.
I certainly support the major undertaking of the EIB in the candidate countries, but objective 1 regions should not be forgotten: even after they no longer have this status, they should be monitored as appropriate and given substantial credit support so that they can conclude their development process – certainly not fully completed – by 2006.
We should pay special attention to the Bank’s Statute, which can only be amended in accordance with the procedure for amending and revising the Treaties laid down in Article 48 of the Treaty on European Union. In particular, Article 5, which provides for 6% to be paid in by the signatory Member States, should be amended. An increase in this percentage would lead to higher loans and, consequently, greater support for the areas concerned, and greater profitability for the Bank or, alternatively, with the same amount of revenue, a reduction in the applicable rates."@en1
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