Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-017"

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"en.20090311.3.3-017"2
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"− Mr President, on behalf of the Committee on Budgets I would like to state, first and foremost, that this economic recovery plan is much more intergovernmental than Community in nature, and that it demonstrates the real financial limitations of the European Union. From the Community viewpoint, we are going to use EUR 30 000 million which will be, in practice, mobilised by the European Investment Bank, and in respect of the EUR 5 000 million which belongs, strictly speaking, to the Community budget, we are encountering major problems. There are no new resources; what is happening is a redistribution of existing resources. With regard to the European Investment Bank, we are fully in agreement with having recourse to it, but we should say that we are worried we are entrusting it with many commitments without having a guarantee that they can be taken forward. Finally, we regret the Council’s inability to reach an agreement on the EUR 5 000 million for energy interconnections and rural broadband. We believe that the unused margins should not be used. What the European Commission and the Council must do is to turn to the resources given to them by the interinstitutional agreement itself."@en1
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