Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-175-000"
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"en.20110217.18.4-175-000"2
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The goal of the document in question, voted on today in the European Parliament, is to ensure the granting of an European Union guarantee to the European Investment Bank (EIB) against losses under loans and guarantees for projects outside the European Union. The ceiling set for the EIB under this guarantee is EUR 27.8 billion for the remainder of the current period, 2007-2013.
In addition to this aspect, Parliament’s proposal seeks certain amendments to improve the EIB’s work outside the EU, such as the activation of EUR 2 billion available for combating climate change. Improving access to EIB financing for small and medium-sized enterprises (SME), increasing the transparency of its operations, and introducing greater flexibility in terms of risk-capital investment are other new measures proposed by Parliament. The intention is also to replace the current system of regional objectives with a programme of horizontal objectives, and to implement a mandate for relations with countries such as Iceland, Libya, Iraq and Cambodia.
I support the European Parliament’s position and the external activity of the EIB, although I would stress the regrettable fact that financing projects outside the European Union often harms competitiveness within the EU in cases of direct competition."@en1
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