Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-042-000"

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"en.20110217.4.4-042-000"2
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"Mr President, ladies and gentlemen, we are facing a new wave of implementation of EU funds via the EIB. I am therefore taking the floor because I want to sound a note of warning. At present, the EIB has liabilities of EUR 20 billion in the EU budget. If these were to become due, we would have a problem. I would therefore suggest that we need to verify the future implementation of EU funds via the EIB very carefully and precisely. The EIB does not have even 500 employees in third countries; the European Commission has 3 700. It remains the case that the Commission would actually be much better placed to control the EU’s funds itself, rather than via the EIB. In my view there are numerous aspects of the true motivation for mandating the EIB that remain unclear. I would entreat this House to stop believing that we can allow the profits of others to be privatised and the losses to be socialised. We are going to have to justify this to the taxpayers and voters in our home countries."@en1
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