Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-280-000"
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"en.20120419.15.4-280-000"2
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"−
There are currently several countries in receipt of aid from the European Union and the International Monetary Fund. This revision of the regulation – the third since the economic crisis started – is intended to ensure the continuation and implementation of programmes cofinanced by the European Regional Development Fund and the Cohesion Fund, in the context of the bailed-out Member States’ economic recovery.
As such, the intention is to create a temporary implementation system within the framework of these two programmes by creating a risk-sharing mechanism, so as to prevent the total paralysis of infrastructure projects because of a lack of private cofinancing. It should be said that the only projects eligible for finance on the basis of the risk-sharing mechanism will be those that have been approved by the European Investment Bank or similar institutions, thereby ensuring that only income-generating and economically viable projects will be taken on. Finally, I welcome this initiative, which I hope will be as successful as similar ones have previously been."@en1
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