Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-029-000"
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"en.20110407.3.4-029-000"2
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"Mr President, ladies and gentlemen, I agree fully with Mr Gauzès. The European Investment Bank (EIB) has always played a significant and key role in the development of the European Union. Its role and activity are even more important at a time of crisis such as the present.
Recent reforms in economic governance linked to the effects of the crisis could lead to less funding being set aside by Member States for important projects such as the creation of infrastructures of strategic importance for the development of the Union as a whole. One example is the TEN-T rail transport project.
I agree with the European Commission’s project bond initiative. Project bonds represent an excellent solution for sourcing finance and underpinning the infrastructure Europe needs in order to modernise and to fully exploit the potential of the internal market. The EIB’s role in issuing and managing these bonds is therefore crucial.
The report presses for an increase in funding for small and medium-sized enterprises, and I agree that the EIB’s activity must be focused and results-oriented. Mr President, allow me to say that some critical issues have emerged in relation to the Bank’s activity. In particular, I would like to point out that many small and medium-sized enterprises are often unable to take advantage of the opportunities on offer, as projects receiving funding require huge investment and organisation, which is effectively an obstacle to small and medium-sized enterprises taking part.
The time required for procedures is another problem. These are often muddled and bureaucratic, and out of step with the activities and requirements of the industry in question. I do not wish to reiterate the importance of these companies to our socio-economic fabric, and therefore I hope that a dialogue can be initiated with small and medium-sized enterprises that will help speed up procedures and eliminate as much red tape as possible.
The EIB can, and must, have an important role in managing recent events in the Mediterranean. Europe needs to think beyond the emergency and to implement a long-term strategy in order to ensure that funding and investment is made
based on shared decisions, to promote democracy and development of the social and market economy."@en1
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