Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-033"
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"en.20100506.3.4-033"2
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"Against the backdrop of the crisis, the European Investment Bank has managed to change its priorities quickly in terms of granting loans, in order to provide support to small and medium-sized enterprises, which are exposed the most to the risks triggered by the crisis and the increased costs associated with lending. It is important for us to see to what extent the Bank can provide cofinancing for projects financed from Structural Funds in Member States in the East because, as you are aware, a number of SMEs and local authorities are experiencing major difficulties in accessing European funds for which no cofinancing is available on the financial and banking market.
I believe that during the forthcoming period the Bank’s activities must be focused on the countries hit hard by the crisis, which are failing to kick-start their economies, in order to support cohesion and prevent the continuing economic and social decline.
The European Investment Bank has a special place in the financial mechanism available to the EU for relaunching economic growth. This is why I support the recommendation that the EU, as a legal entity, can become a shareholder of the Bank, along with the Member States, which would help strengthen cooperation."@en1
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