Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-161-000"
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"en.20120419.15.4-161-000"2
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"Mr President, we are all aware that the current financial crisis has had an adverse impact on the macroeconomic stability of many Member States and has thus made it difficult to access finance. Whilst I understand that this lack of readily-available finance is making it difficult for many projects under the cohesion policy to continue, it can be argued that having this additional instrument alone, as proposed in the report, may not be entirely effective in addressing this difficulty.
Although this instrument does address the immediate problem of making funds available for investment, it does not tackle the underlying issue of why some projects are not as successful as they should be. The issue of how the project is being implemented has been entirely overlooked, and solely addressing the financial issues that Member States face will not guarantee the success of the projects.
A clear vision, a clear programme for implementation, and specific measurable outcomes which generate economic returns for the Member State in question need to be ensured, as well as full accountability and transparency on risk-sharing. Without these assurances I cannot support this report."@en1
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