Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-219"

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"en.20080422.46.2-219"2
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"The EIB is called on to give more vigorous support to the financing of private capital, reinforce competition, promote the privatisation of energy, transport and planning infrastructure, and to fund large projects in partnership with private entities. This infrastructure is useful for capital, and it involves simultaneous privatisation, which is tantamount to speculation. The EIB is geared to the rules of competition and the free market; instead of meeting the needs of the people, it secures new profits. The monopolies drain Community and national funding, exploited infrastructure and major projects, as well as resources given to them by the EIB. The monopolies thus reduce the already small amount of private capital they use by taking on projects that are detrimental to the community as a whole. Tax revenue and the reduction of allowances and subsidies to tenants, pensioners, farmers and the working classes as a whole have been channelled into funding the monopolies. Wind generators which destroy the environment, as in the Aegean Islands, sharply increased tolls on major public roads, private and public sector collaborations and so on - all are for the sake of profit made from contracting with individuals, and, of course, they are backed by state guarantees. Similar projects with no social control are also promoted in third countries to secure greater profits for businesses in the name of growth - the growth of capital, naturally."@en1

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