Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-015"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2007-02-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:EIB Annual Report 2005 (debate)2
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20070215.3.4-015"2
lpv:hasSubsequent	lp_eu:2007-02-15-Speech-4-0162
lpv:speaker	lp:Esko Seppänen2
lpv:spokenAs	substitute; CONT (2007-01-31--2009-07-13)3 vice-chair; Delegation to the EU-Russia Parliamentary Cooperation Committee (2004-09-21--2009-07-13)3 unknown; Vasemmistoliitto (2004-07-20--2009-07-13)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 member_of_the_bureau; EUL/NGL (2004-07-20--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 member; BUDG (2007-01-31--2009-07-13)3
lpv:translated text	". Mr President, Commissioner, Mr Maystadt, I am permanent rapporteur for European Investment Bank loans and guarantees to the Committee on Budgets and would therefore like to make a few comments. We have to bear in mind that the Bank’s primary task is to provide capital for projects in the Member States of the European Union. The Union supports loans to third countries, which may be regarded as part of the EU’s external policy. For that purpose, the EU gives the EIB a general mandate regarding guarantees for loans granted to external countries. Thanks to the EU’s guarantee, the aided countries receive loans at interest rates lower than those on the market. As for the view expressed in the report that the loans granted to countries in Latin America represent a small proportion of the total, I would point out that the EIB’s primary task is to finance projects within the EU. When it approved the new mandate on guarantees for external loans in December, Parliament at the same time said it wanted to participate in the setting of priorities for loans. Parliament unanimously called for the legal basis of the mandate to be changed so that it would better reflect the nature of development aid and simultaneously give Parliament a voice in the setting of priorities. The Council was not prepared, however, to change the legal basis. It is the opinion of the Committee on Budgets that Parliament should therefore bring an action against the Council in the Court of the European Communities. The committee’s report focuses attention on support for SMEs. They are effectively supported by the European Investment Fund, whose rise in share capital is at present being debated by Parliament. Parliament is likely to support the proposal, with the EIF’s share capital being increased in line with a suggestion by the Commission. That means that SMEs will get extra cash, which is one response to the demands made in this report."@en1

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