Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-011"
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"en.20070215.3.4-011"2
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".
Mr President, Commissioner, ladies and gentlemen, I should like to commend Mr Montero Romero on the outstanding report that he has presented to us today; as he said, it obtained unanimous support in the Committee on Economic and Monetary Affairs. I should like, however, to highlight the positive view that Parliament has once again taken of the activities of the European Investment Bank (EIB) and in particular its governance model.
The EIB has managed to enhance the quality of its activities while strengthening both the transparency of its operations and the openness and the loyalty with which it deals with other institutions, particularly the European Parliament. From time to time the EIB makes commitments to improving the quality of the services it provides and to meeting new interim targets as part of its fundamental mission; it has always succeeded in meeting these strategic objectives. We now hope that the EIB once again responds positively to the suggestions and recommendations made in this report.
In this context, it is very important that the Bank’s financial activities continue to be geared towards support for projects aimed at promoting energy efficiency and at developing renewable energy sources, with the Bank committing itself to attaining even higher levels. It must also be capable of significantly increasing support for economic and social activities outside the EU, namely in Africa, Latin America and in the Mediterranean associated countries.
As the report says, the EIB cannot and should not compete with private intermediary financial institutions, when those institutions are ready and able to finance projects. It is essential, however, that the institution remain committed to the objectives of the Lisbon Strategy on growth and employment and that it fulfil the specific, practical responsibilities arising from this commitment.
It is therefore vital to strengthen its activities in funding infrastructure and in supporting the most vulnerable areas of manufacturing, which is now made up of the thousands of SMEs that operate in the European market and that create a substantial proportion of the jobs. One of the EU’s key missions is to foster economic and social inclusion and, as the Union’s financial institution, the EIB has a key role to play in achieving this objective. These are probably the most important messages that Parliament can and must use this opportunity to convey, given that support for the Bank’s activities and judgments on their quality are not, on this occasion, at issue."@en1
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