Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-188-000"
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"en.20121026.23.5-188-000"2
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"Mr President, in recent years, various European institutions have used innovative financial instruments to manage their budgets in these times of fiscal discipline. Using innovative financial instruments includes combining grants by using public and/or private funds to maximise the potential for achieving objectives. While they remain an innovative tool for agency budgets, they pose a challenge in regulating and monitoring the use of these funds. We have to ask ourselves who these individuals are and why are they donating their money in the first place.
The Commission must take certain preventive measures to prevent corruption and all other backdoor deals. One such measure entails the Commission installing management and control systems. Preventing corruption and other market abuses is vital to the economy, especially in these hard times. This is extremely important, because a single distortion of the market will ruin the whole economy for everyone. Innovative financial instruments are still a crucial tool for growth and investment in the economy."@en1
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