Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-027-000"

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"Mr President, ladies and gentlemen, I would like to congratulate the rapporteur on the work that has been done regarding the external mandate of the European Investment Bank (EIB). The Union’s financial arm today plays a very important role in terms of the political commitment that Europe wants to put across concerning the countries on the southern shores of the Mediterranean. Creating lasting democratic institutions requires a great effort from the people, and Europe, which has been working with the EIB in these regions for many years, can give them valuable support during this transition period in setting up infrastructure and strengthening local businesses. The report on which we are voting today proposes raising the ceilings with which the bank operates outside the Union by almost EUR 2 billion. This decision will enable the bank to see through some important projects that are threatened by a lack of funds but which are also strategic for the stabilisation of the Mediterranean region, as well as for the countries preparing to join the Union. A high level of coordination between the European Commission, the new External Action Service and the EIB is needed, however, in order to achieve these aims. I believe it is very important to develop joint governance for these three players in the countries of the Union in which it operates, and I am therefore looking forward to the creation by the Commission and the EIB of a platform to examine – together with Parliament and the Council – how best to address the challenges of the Union’s external policy with financial instruments and innovative methods."@en1
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