Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-083-000"

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"en.20120329.4.4-083-000"2
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"The European Investment Bank (EIB) is one of the main instruments for implementing the EU’s strategic objectives and it plays a leading role in European economic recovery and in supporting growth. The overall volume of loans provided, the project to get the European recovery back on track, and also the 30% growth in loans paid out for convergence objectives are key successes, not only for the bank itself, but particularly for economic recovery and revival in Europe. The bank’s chief activities are in support of the Europe 2020 strategy. We must encourage fully the EIB’s efforts to secure greater support for SMEs, which are the driving force of the European economy. The EIB’s activities are supported by funds obtained on the money markets. An AAA rating is therefore essential to the functioning of the bank. At the end of 2011, the ratings agencies gave the bank a negative outlook. It is therefore necessary to take measures to retain the excellent credit rating. The EIB should continue to support the Europe 2020 strategy through the use of Structural Funds and through the application of other innovative financial instruments."@en1

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