Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-548-000"
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"en.20120418.26.3-548-000"2
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"Mr President, I consider the proposal to create risk sharing instruments to support infrastructure projects and productive investments made by the rapporteur, Ms Hübner, to be a very positive proposal. Indeed, there is an urgent need to create conditions of growth at this crucial juncture, in an economic climate in which fiscal cuts are also having a significant impact on Greek public investments, while the lack of liquidity and access to financing is making it equally difficult to forge public-private partnerships.
Critical economic indicators in Greece have deteriorated drastically, despite unprecedented sacrifices by Greek society. I refer, primarily, to the rocketing unemployment rate, which is now close to 50% among young people. I trust that both the Commission and the European Investment Bank will ensure that the terms, such as the leverage ratio and eligible investments, are such that the best possible use can be made of this instrument, with exponential benefits for the real economy.
Finally, apart from the fiscal consolidation required, I believe that we also urgently – I repeat urgently – need an integrated plan for a creative leap forward out of the vicious circle of austerity and recession."@en1
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