Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-038"
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"en.20100506.3.4-038"2
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"The European Investment Bank plays a major role in increasing the level of convergence across the European Union, a vital contribution during the economic recession which has hit investments hard, especially in public infrastructure.
I think that the EIB has responded very promptly to the challenges presented by the crisis, for instance, by granting funding to Romania, amounting to a total of almost EUR 1.5 billion for 2009. These loans highlight the versatile extent of the Bank’s involvement in accelerating the process of bridging the development gaps during the post-accession period.
As my fellow Members have said, a significant proportion of the loans are for supporting SMEs. I believe that improving these enterprises’ access to capital can play a key role in boosting the European economy and combating unemployment. In this respect, it would be useful for assessments to be carried out every year on the accessibility and effectiveness of these loans to ensure greater transparency in terms of their final destination and improve the administrative process."@en1
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