Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-550-000"

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"Mr President, any amendment to a regulation designed to facilitate the rapid implementation of programmes under the cohesion policy will certainly have an immediate, tangible impact on the economies of the Member States hardest hit by the crisis. This is why it is of paramount importance for us to adopt tomorrow the report on risk sharing instruments for Member States experiencing serious difficulties with respect to their financial stability, so as to offer them the financial support they need to continue their projects and the process of economic recovery. In addition, it is vitally important for the Council also to adopt it as soon as possible. Although this is a highly technical report, the Group of the Alliance of Liberals and Democrats for Europe supports the current compromise, since we regard it as a balanced proposal which takes into account the problems that have been identified during the debates. In addition, it is also extremely important for the European Investment Bank to adopt a very strong position in using this financial instrument which the countries involved in a financial assistance programme will have the chance to use in the next 18 months. We give our support to the actual instrument, but we must ensure that funding will not be granted to projects which do not make economic sense. I think that it is particularly important for us to carry out a cost-benefit analysis on the projects being funded so as to ensure that they are targeted at increasing the number of jobs and, by extension, the competitiveness of Member States."@en1
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