Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-163-000"

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"en.20110217.18.4-163-000"2
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"− This report is on a proposal for a decision of the European Parliament and of the Council granting a guarantee from the European Union (EU) to the European Investment Bank (EIB) against losses under loans and guarantees for projects outside the European Union. The EIB’s mandate expires in October. In addition to financing projects in the European Union, since 1963 the EIB has undertaken financing operations in outside regions, so contributing to the implementation of EU external objectives as regards cohesion and development policy. Therefore, so that there would not be a vacuum after October 2011, the parties initiated a series of meetings aimed at a consensus that would enable its adoption by the European Parliament and would not interrupt the aid granted by the EIB after that date. I agree with this proposal because it reflects better cooperation between the EU and EIB; it contributes to the struggle to eradicate poverty; it stimulates small and medium-sized enterprises, as well as local communities; it introduces greater transparency; it promotes sound practices at the EIB; it increases funding for projects combating climate change; and it makes countries that do not pay attention to environmental issues ineligible."@en1

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