Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-450-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Innovative financial instruments in the context of the next Multiannual Financial Framework (debate)2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20121025.32.4-450-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-451-0002
lpv:speaker	lp:Göran Färm2
lpv:spokenAs	member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-11-11--2014-06-30)3 substitute; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; BUDG (2012-01-19--2014-06-30)3 vice-chair; S&D (2012-10-16--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 unknown; Arbetarepartiet- Socialdemokraterna (2009-07-14--2014-06-30)3
lpv:translated text	". Mr President, many thanks in particular to the rapporteur, Ms Gardiazábal, who has done a great deal of work in connection with this very heavy subject of the future. This is a superb report. The economic future of Europe must not simply concern emergency measures to combat the crisis. It is equally about boosting the economy in the long term and increasing investments that have the ability to create growth. The crisis is not simply a consequence of the banking and financial collapse, but has also been made worse by a long-term fall in the rate of investment. This has worsened since the crisis, and we are now down to dangerously low levels in terms of investments. At the same time, the need for investment is enormous, as has been pointed out by the rapporteur. The problem is that the current tough restrictions for both the EU budget and the national budgets and more stringent capital adequacy requirements for banks etc. mean that we cannot produce any money without finding new ways forward. There are financial instruments, including project bonds, which last summer we agreed to test during a pilot phase, which was partly based on my own report. Loans from the EIB guaranteed by the EU’s budget will allow us to ensure that project companies can issue bonds that are more secure and more attractive, so that pension funds, for example, can focus on infrastructure projects instead of allowing the money to sit in various accounts. I am very pleased to hear that the Commissioner has now announced that work is already underway to bring specific projects to the table and sign contracts. The idea is that the pilot phase will be evaluated. We must see if perhaps in future we can raise even larger sums for the coming years, and perhaps also try other models with even greater potential. In any case, I believe that this new financial instrument is required if we are to lead Europe away from austerity and recession and back to sustainable growth and job creation."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph