Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-175-000"
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"en.20111013.19.4-175-000"2
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"The European Investment Bank (EIB), whose shareholders are the Member States, is one of the financial instruments awarding loans totalling EUR 9 billion to projects outside the EU. The EU’s budgetary guarantee covering the sovereign and political risks associated with loans and loan guarantees outside the EU is subject to codecision between the European Parliament and the Council.
Meanwhile, on 21 April 2010, the Commission submitted to Parliament and the Council a proposal for a decision of the European Parliament and the Council granting an EU guarantee to the EIB against losses under loans and guarantees for projects outside the European Union. At committee level, a number of amendments were adopted at first reading, including compromises which emerged from multiple informal contacts and opinions received from five committees. On 27 January 2011, the Committee on Budgets adopted its recommendation to plenary, incorporating a global compromise amendment in the form of a consolidated text."@en1
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