Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-128"

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"en.20040420.7.2-128"2
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"The proposal before us deals with the revision, up to the end of the remaining period of the mandate, of the Community budget guarantee to the European Investment Bank for the loans the EIB grants to third countries on the basis of its own resources. The enlargement of the Union on 1 May 2004 will result in an increase in the EIB's lending capacity without raising the ceiling on its external lending mandate, which will be particularly favourable at a time when the European Union is stepping up its cooperation with potential candidate countries in the Western Balkans and is preparing to gradually strengthen its links with other neighbours to the south and east. According to the EIB's Corporate Operational Plan or COP, the forecast utilisation rate for the various regional packages during the remaining period of the mandate points to a total guaranteed loan volume in excess of the total amount fixed. On the basis of these projections, the Commission is proposing a new geographical distribution of the current mandate, while maintaining the current overall limit of EUR 19 460 million. Given the need for the Union to strengthen its links with its closest neighbours, I voted in favour."@en1

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