Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-073-000"
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"en.20120329.4.4-073-000"2
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"Mr President, after the financial and economic crisis erupted, it was widely expected that the European Investment Bank would support and ensure the continuity of many projects. In a number of areas, however, these expectations were not fulfilled, and in last year’s debate on the annual report for 2009, I pointed out that the anti-crisis funding which should have been channelled into these small and medium-sized enterprises in Eastern Europe had long been used mainly to boost the balance sheets of private commercial banks.
We expected that, in a time of crisis, the European Investment Bank would give priority to helping those areas most affected by the crisis. When we look at the distribution of loans last year, however, a specific picture emerges. While Germany got 10% of the overall amount, Greece got only 1.6%. Given German savings and trade surpluses, and given the problems of Greece, we expected that it would be the other way around. The same applies to Central and Eastern Europe. The least affected countries are getting a far bigger slice of the cake, while countries such as Bulgaria, Lithuania, Latvia, Slovakia and Romania get only tenths of a percent. I would like to know the basis on which loans are distributed between the individual countries."@en1
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