Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-028-000"
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"en.20110217.4.4-028-000"2
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"Mr President, Commissioner, ladies and gentlemen, as the shadow rapporteur of the European Investment Bank’s discharge, I and my fellow Member, Mr Audy, treat the European Union guarantees provided for the European Investment Bank (EIB) as a very important issue. The European Investment Bank is a key actor in financing projects of major significance both inside and outside the European Union, and its role will continue to grow. At the same time, based on the effective provisions not one European institution has the right to supervise the EIB, and we would like to change this in the future to avoid this being an obstacle to later growth.
Loans granted to countries outside the EU require greater attention and care than projects to be realised within the EU, not only because of what has just been said but also because the degree of control that can be exercised over external developments is far less than is the case for investments within the EU. The solution for this is that these projects require much better preparation. At the same time, external projects are mainly directed at strategically important but politically not always stable regions.
As a member of the Committee on Industry, Research and Energy, I wish to shed light on the energy issue from among the projects being realised in these regions. More than 50% of the external investments financed by the EIB are directed at the states of the Eastern Partnership and Russia. The security and progress of these countries serve the interests of the EU directly, as this is where the decisive part of the natural gas imports and a significant amount of the electricity imports of the countries of Central and Eastern Europe and the Baltic come from. Thus it is indispensable for the EIB to focus on supporting projects which directly or indirectly result in an increase of security and the security of supply.
Thus I agree with the rapporteur, Mr Kalfin, – whom I wish to congratulate – that in the area of loans outside the EU closer cooperation must be encouraged between the EIB and the European Bank for Reconstruction and Development as well as the World Bank. Significant synergies can be achieved."@en1
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