Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-555-000"
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"en.20120418.26.3-555-000"2
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"Mr President, the economic and financial crisis which is persisting across the whole EU is affecting the macro-economic stability of many Member States and their access to finance. The intention of the proposal for creating a risk sharing instrument is to enhance the synergies between loan programmes and EU funds in the countries receiving assistance from the EU or IMF: Greece, Ireland, Portugal and Romania. The aim is to find solutions for viable revenue-generating projects. Examples of this would be obtaining the necessary private funding for infrastructure projects which generate net revenues, such as toll motorways, or productive investments for which the maximum State aid allowed is capped. The solution being proposed is, of course, an exception, but it is a concrete measure during this crisis for sharing the risks with the European Investment Bank and other financial institutions so as to maintain the involvement of private investors and overcome the major obstacles faced in implementing cohesion policy programmes. Deploying this mechanism offers an additional solution for using the Structural and Cohesion Funds which might not be absorbed by the end of the current 2007-2013 programming period. Applying a limit to it of 10% from these funds is an excellent idea which must be adopted. I congratulate the rapporteur for the outstanding job she has done in handling this report."@en1
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