Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-096-000"

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"Mr President, the results of the summit have set my mind at rest, as it seems that Europe’s future growth is secure. And it will cost only EUR 120 billion. Of this, half will come from the European Investment Bank and we will find the other half in the Structural Funds. What does it matter that some countries will not receive anything from the first half. For example Ireland, despite ongoing reforms, will not be able to apply for funds from the European Investment Bank, as its rating and the rating of Irish banks do not meet the conditions to qualify for a loan. And there are perhaps other examples as well. However, what is worse is that all the funds intended to boost growth are earmarked for cofinancing projects. That is to say, they count on the financial support of the Member States and/or private investors, such as banks. It is because of this that the Member States and the banking sector now have the biggest problem with funding. Mr Barroso, I would therefore ask you to confirm once again that the better future of the European Union is already in sight. Because if not, then the whole pact for growth is only a symbolic gesture, and I believe that the accountable European politicians should not make gestures, but should instead seek realistic solutions to the problems."@en1
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