Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-068-000"
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"en.20120329.4.4-068-000"2
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"Mr President, I welcome the President of the EIB and indeed the good work the EIB is doing in trying to combat the crisis we are in at the minute, especially their loans to SMEs. However, I have a question for the President: how can he guarantee that the actual loans are being given to SMEs? In my country at least, there is anecdotal evidence to suggest that the banks are using them to balance their own books rather than giving them to SMEs. That is a very important point.
Secondly, I particularly welcome their role in combating climate change and in putting infrastructure in place, especially interconnectors and super grids, etc. That is absolutely vital. Thirdly, he mentioned the need for triple-A ratings, and we agree with that. I noticed that the EIB was put on negative credit watch at the end of 2011, but I have a difficulty here as I think those who are doing the ratings do not have a triple-A reputation themselves. This is either owing to their role in the financial crisis or to the recent timing of ratings prior to Council meetings, which could be seen as political interference. It would be much better if we introduced the reforms which we suggested here in Parliament a few months ago."@en1
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