Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-443-000"
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"en.20120704.28.3-443-000"2
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"Mr President, Commissioner, ladies and gentlemen, of course I am absolutely in favour of this pilot phase for project bonds, because the principle of using European resources while utilising the European Investment Bank’s experience to create this leverage effect to carry out quality projects of European interest, is currently urgent and valid. The budget for this pilot project does not work. EUR 230 million is truly too little, and in particular the EUR 10 million for the energy sector and the EUR 20 million for telecommunications appear to be a token allocation. This instrument needs to be allocated a serious budget in future.
What is really missing? We have to have the courage to guide the economic recovery from here, from the European Union. We are lacking the courage to implement an initiative for the direct issuance of bonds by the Union in a public-private partnership (PPP) system, in order to participate directly in investments in infrastructure which we consider to be a priority and to pull the economy out of the quagmire it is in. I am not referring to the past, to debt mutualisation and so on, but to future development, and hence we must start again together. That is the only way to immediate growth, to create jobs and the competiveness we deserve."@en1
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