Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-446-000"

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"en.20121025.32.4-446-000"2
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". − Mr President, Commissioner, my first words will be to give apologies on behalf of Ms Ivanova, detained by other Parliamentary activities, who has entrusted me with summarising for you the report of the Committee on Budgetary Control. Our committee recognises that financial instruments are useful in creating multiplier effects and leverage effects, such as guarantees and tolls. However, we draw your attention to the recommendations of the Court of Auditors and its 2010 opinion on ownership of instruments, risk-taking, accounting, transparency and reinforcement of EU staff capacity to operate them. The second point concerns links with financial markets. We think that these instruments should only be used when there is no offer from the private sector, so as to avoid any distortion in financial markets. Lastly, speaking personally, I am sorry that the idea of introducing an obligatory user contribution was not explored, in particular for trans-European transport networks that need financing, particularly those are not immediately profitable."@en1
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