Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-999"
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"en.20100506.3.4-999"2
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"In 2008, the European Investment Bank celebrated its 50th anniversary. Throughout this period, it has contributed considerably to the development of integration, balanced and lasting development and economic and social cohesion by supporting investment projects in Europe and lending to the public and private sectors using the financial markets as well as its own funds. The year 2008 also saw the beginning of the world financial and economic crisis which devastated the European economy. Given the limited liquidity, stricter lending policy and capital restrictions of the banks, the European Investment Bank came to the rescue of many endangered investments and projects. In reacting to the crisis, the EIB significantly increased its lending volume to businesses in 2008. This was extremely important, especially for the small and medium-sized enterprise sector, which was hit exceptionally hard by the crisis. Often faced by severe restrictions on their access to capital from banks which were engulfed in problems, the EIB was the last hope. The positive role played by the EIB during the crisis is incontrovertible. However, it is worth thinking about how the resources at the bank’s disposal could be put to even better use. The best way for this is to simplify the complicated bureaucracy and create clear procedures."@en1
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