Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-447-000"
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"en.20121025.32.4-447-000"2
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"Mr President, ladies and gentlemen, any line of argument should be based on the observation that the Commissioner made earlier, namely that the budgetary resources available are very inadequate, and so the meagre resources that we do have cannot be used just as grants, but should be used within ‘innovative financial instruments’, special funds, project bonds and so on, which should of course be developed.
They should be developed within the system of public private partnerships, or PPPs, which will contribute towards the implementation of individual funding projects, leading to the creation of infrastructure, both physical and virtual, as part of sustainable projects. If this is done, it means that we can go even further and issue bonds because, if the projects are sustainable and reach a point where they break even, they are no longer debts but turn into long-term loans. In my opinion, Commissioner, that is where real growth lies, and we have to be bold enough to go beyond the budget."@en1
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