Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-454-000"

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	"bg"^^xsd:language2
lpv:document identification number	"en.20121025.32.4-454-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-455-0002
lpv:speaker	lp:Ivailo Kalfin2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 substitute; ITRE (2012-01-19--2014-06-30)3 substitute; CONT (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 unknown; Coalition for Bulgaria (2009-07-14--2014-06-30)3 member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 vice-chair; BUDG (2012-01-25--2013-01-22)3
lpv:translated text	"Mr President, I want to add my congratulations to those of everyone who has already congratulated the rapporteur. I think that Eider Gardiazábal Rubial did an excellent job and I hope that many of the conclusions and recommendations of this report are going to be taken on board by the Commission and by the legislative bodies as well. We have said several times that these financial instruments are much needed because they increase the effectiveness of the European budget, but they are not here to replace the European budget. Currently, only a little over 1% of the European budget is involved in financial instruments. So far, we have good practice and we have to review that and to develop it in the future. These financial instruments have a limited use. Normally they can be used for commercially attractive projects as a means of rectifying market inefficiencies, for suboptimal investments and to create leverage for the European funds, but again we are talking here only about long-term investments. I would point out that there are very good examples of financial instruments being used to support research, innovation and small and medium-sized enterprises, and I think we have to build on these achievements. We need – and I very much support what is said in the report on this point – fewer and better-focused financial instruments, and we do not need to over-regulate them. We should improve ex-post transparency and ex-post control but we cannot determine all the characteristics of the financial instruments in advance because they would not then be used properly. Lastly, there are three things that I very strongly support: the work on the creation of standardised platforms, where European money can be combined with private money; ongoing and permanent work on the blending of funds from the European Union and from private and other public investors; and the use of the reflows coming back from the financial instruments for the same purposes."@en1
lpv:unclassifiedMetadata	"Ivailo Kalfin (S&D ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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