Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-368-187"

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"en.20120329.36.4-368-187"2
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"The European Investment Bank (EIB) was created in 1958 by the Treaty of Rome. Its main objective is to contribute to the development of the internal market and to reducing the development differences between the various regions. It lent EUR 72 billion in 2010, with EUR 8.5 billion going to developing countries. I am voting for this report on the EIB’s activities, since 32% of its loans went towards the trans-European transport network, it contributed to implementing the Seventh Framework Programme, it loaned more than EUR 30 billion to companies, and it supported around 115 000 small and medium-sized enterprises by awarding credit lines worth EUR 10 billion. Owing to the lack of market capital, it is hard for the European Union, the Member States and businesses to invest. As such, I believe the Governors of the EIB should be called on to agree to a significant increase in capital, thereby increasing EIB activity regarding productive investments that boost rapid economic growth, generate wealth and create jobs."@en1

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