Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-333-000"

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"en.20110407.18.4-333-000"2
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"I welcome the fact that the European Parliament appraises the annual report of the European Investment Bank (EIB), albeit from a distinctly bird’s-eye view. The EIB is playing a decisive role in fighting the crisis. For me, however, the issues of transparency and measurable results remain doubtful. The EIB’s activity focuses on the three areas where the crisis hit hardest: small and medium-sized enterprises (SMEs), convergence regions and climate action. SMEs play a key role in the recovery of the European economy and the fight against unemployment, and therefore it would be expedient to make it easier for them to access the capital required for developments. In this respect, it would be useful if we could see an assessment of the accessibility and effectiveness of the loans in question every year, which would ensure the transparency of the final purpose of the loans and improve the administrative process. Also in this respect, I believe it is vitally important that the EIB updates and tightens its policy on offshore financial centres. The EIB plays a very important role in enhancing the European Union’s convergence, and due to the technical aid and cofinancing offered by it, the regions under the convergence objectives are able to use an ever larger proportion of the funds available to them. For this reason, I believe that further increasing this role is practical and to be supported. Lastly, I suggest that the proposal that transparent regulatory supervision should be introduced in the interests of the quality of the EIB’s financial situation, the precise measurement of its results, and compliance with effective and successful business practice, deserves consideration."@en1

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