Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-015-000"
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"en.20110217.4.4-015-000"2
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"Mr President, ladies and gentlemen, first of all I would like to thank the rapporteur, Mr Kalfin, for the work he has done. Today’s vote renews the EU guarantee to the European Investment Bank (EIB) against losses on loans for investment in projects outside the European Union. This measure is of even greater significance in the current economic context, which is characterised by profound changes not only in the markets but also in production methods and approaches to the economy.
While on the one hand the EIB is playing a crucial role for the European Union, on the other the Union is strengthening its political and economic presence beyond the borders of the 27 Member States. A compromise has been reached with the other political groups to amend the Commission’s original text. The discussions, which took a range of opinions on board, were constructive both within the Committee on Budgets and during the preparations for today’s sitting.
The topics characterising the negotiations and political debate were: support for local small and medium-sized enterprises; maximisation of synergies in the field of development cooperation, so as to avoid duplicating our efforts in southern countries and wasting resources; the nature of the EIB, which remains an investment bank that provides loans, competes on the international markets and does not provide unsecured funding; the geographical range of the EIB’s investments, which have been extended to countries such as Libya and Iraq, but not to countries such as Belarus, in which respect for human rights as enshrined in the European Convention on Human Rights must be a minimum requirement for action to be planned.
It looks very likely that the work done in Parliament will very quickly succeed in getting the Council’s and the Commission’s agreement. With regard to the work done, the rapporteur will table an oral amendment to increase the appropriations guaranteeing the EIB’s investments in the Mediterranean region. Such investments may help to stabilise the Mediterranean, not least in view of the problems associated with the streams of migrants in recent weeks."@en1
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