Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-364"
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"en.20090324.30.2-364"2
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"Mr President, first of all I would like to cordially thank our Finnish colleague Esko Seppänen for his efforts which contributed to reaching a compromise with the Commission and the Council on EIB loans and Community guarantees.
As we all know, after the European Parliament won a case before the Court of Justice, the respective Council decision was annulled, but to remain in force for one year until a new decision is adopted. The Commission proposed the codecision procedure and tomorrow we are to vote on the compromise agreed during the trialogue and bring this codecision procedure to a close.
It is important to remember that the EIB was originally set up to finance operations within the EU. So the Community guarantee to the EIB against losses and loan guarantees are the basis for its activities outside the EU. The proposal we discuss today covers around 10-15% of the EIB’s activities, i.e. the bank’s activities outside the EU in the pre-accession countries, Mediterranean countries, Asia, Latin America and South Africa. These EIB operations are especially relevant in middle-income countries and infrastructure, financial and commercial sectors. These EIB operations are of utmost importance in an environment of global financial crisis and recession.
I am happy that we managed to reach a compromise on all the major issues, such as the deadline for the presentation of a new proposal for a decision, which is now 30 April 2010, as well as on the sunset clause, which is 18 months after the deadline, 31 October 2011.
The European Parliament amended the Commission’s proposal pointing out the importance of respect for human rights, development policies, energy diversification, request for strategic documents, greater transparency of the EIB policies and activities.
We have a good result, and I hope that tomorrow the compromise will be adopted by the necessary majority. I am counting on the support of all the political groups of this House."@en1
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