Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-026"
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"en.20100506.3.4-026"2
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"Mr President, without doubt, the European Investment Bank has been a success since it was founded 52 years ago, especially in achieving and strengthening the objectives of the European Union and financing small and medium-sized enterprises, which form the mainstay of business in the European Union and the mainstay of those businesses that need to be maintained during the course of the current economic crisis in order to maintain jobs and social calm in the Union.
As we all know, today the Union is dealing with the Greek crisis. Of course, I do not know if future historians will call it the ‘Greek crisis’ or the ‘financial crisis’ or perhaps they will call it the ‘monetary crisis’. What I do know is that, if he were alive today, Galileo would not say that the world is turning, he would say that ‘the world is running’, because events are running away with us and, as the European Union, we must follow them and find the necessary solutions.
I think that everyone here believes that, if life is to proceed smoothly in the Union, we need to speed up the completion of political and economic union. That being so, I consider that the EIB has the expertise and the objective capability of taking more action and I propose – and I address this proposal specifically to Mr Olli Rehn, whom I respect immensely for the gravitas with which he addresses various issues – that the possibility should be examined of the EIB’s paying a role in the future in assessing the credit rating of the Member States."@en1
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