Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-331-000"

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"en.20110407.18.4-331-000"2
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"We recognise the importance that borrowing from the European Investment Bank (EIB) can have for development and social progress, given its low rates and long payment periods. However, its options are not always sufficiently transparent and clear. In addition, neither are the countries and regions that most need to borrow from it those that are most favoured with its loans. This report, which we support, therefore contains some criticisms, suggestions and proposals. However, we disagree with transforming the EIB into a mere tool for the EU to implement its policies, as well as addressing the problems of social and economic cohesion and social development, which should be considered in the EU budget and EU structural and cohesion funds. Obviously, the EIB can monitor and improve these efforts, but it cannot be a substitute for EU budgetary policies."@en1

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