Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-027"
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"en.20070215.3.4-027"2
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".
I should first like to commend the excellent report by my Spanish colleague, Mr Montoro Romero, on the annual report of the European Investment Bank (EIB).
I support his proposals aimed at expanding the role of our public bank in order to facilitate the functioning of the internal market and to enhance the Union’s external role. I am disappointed, however, by the scant mention of financial aspects, in particular the reasons why the Member States have not released their contribution to the capital, amounting to EUR 155 billion. This situation leads to an obvious lack of capital and in turn to a lack of scope for action.
The Bank owes its outstanding marks solely to the fact that its stakeholders are the 27 EU Member States and that it enjoys Community budget guarantees on a great many of its financial commitments.
On this subject, I cannot explain why this Community guarantee is not always paid back transparently, transparency being an objective of the Bank praised in the report. It will be interesting to examine the Bank's voluntary implementation of the solvency ratio (Bâle II), the method used to implement it, and the aggregates making up this ratio."@en1
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