Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-013"
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"en.20100506.3.4-013"2
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"Mr President, I would firstly like to welcome you, President Maystadt, and to tell you what a joy it is to see you again, since I worked on an identical report some time ago. I would also like to welcome the Commissioner and to tell the rapporteur and the rapporteurs for the other groups that they have done a tremendous job, and I would like to welcome them too.
Mr President, it is regrettable that the Council’s seat is empty, because the EIB is an intergovernmental instrument. It is the Member States that are the partners of the EIB. Furthermore, I welcome, once again, the concern that President Maystadt and his colleagues show for Parliament in all these matters.
I would like to speak first of all about supervision, which is a subject close to my heart, since I think that the nature of the European Investment Bank’s tasks mean that it should have prudential supervision. It does not have it because it is an international entity that is not subject to national audit authorities.
I have tabled an amendment so that our European Banking Authority, which we are hoping to set up, has a remit enabling it to perform prudential supervision tasks. Commissioner, I would like you to support this idea. I am told that the Member States are against it. The Member States will be unable to entrust tasks to the EIB on a long-term basis or to ensure that it has prudential supervision.
I would like to conclude now with investment and the role of the EIB. The European Union is not investing enough, and we know today that, whether we are talking about transport network interconnections, energy, high-speed trains, motorways, universities, water, space or health, we must invest more. However, the European Investment Bank is right: it is a bank and it must protect its triple A rating.
That is why I propose that, in the 2020 Strategy, we at least have an objective of EUR 1 trillion in investments. It is possible, but we must have an investment budget within the European Union and we must cooperate with the EIB through the use of innovative instruments. I propose that the European Union become the Bank’s partner, since this would create a better synergy between the Union and this instrument, which is absolutely crucial to the future of our Europe."@en1
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