Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-377"

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"en.20090324.30.2-377"2
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"The basic issues dealt with in this report do not concern the Community guarantee per se, but rather the ways of making a more effective use of the finance granted by the EIB. The EIB’s role as an EU instrument for supporting economic development is indisputable. The EU has a series of financial instruments in the area of external relations and the EIB's activity must be complementary to them. With regard to the financing priorities, I am pleased that the current version of the report also features my proposal to include a necessary clarification about the energy projects in Eastern Europe and the Southern Caucasus, namely that they must be ‘in line with the objective of Community policy of diversifying energy sources and with a view to guaranteeing stable and secure resources for consumers.’ I am pleased that European leaders have reached a compromise within the European Council regarding the financing of energy projects by the EU as part of the Economic Recovery Plan. I am also pleased that the Nabucco project survived this compromise and that it has been declared a priority energy project. I hope that the EIB will be involved so that this project can reach the necessary level of investment and that, starting from 2013, we can transport gas from the Caspian Sea to Europe."@en1

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