Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-232-250"
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"en.20121026.23.5-232-250"2
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".
The report by Eider Gardiazábal Rubial was adopted by a large majority at the sitting of 26 October. This report relates to innovative financial instruments in the context of the next Multiannual Financial Framework. Innovative financial instruments are distinct from traditional grants as far as the European budget is concerned. One example is project bonds. The aim of the Gardiazábal Rubial report is to develop them further, while making them more efficient. The Commission feels that the use of innovative financial instruments is one way of achieving the targets of the Europe 2020 strategy, despite the climate of austerity. The report sets out the criteria for the use of these instruments, the implementation conditions, the control and monitoring arrangements, and the adjustments to be made on the basis of the experience gained by the EU in this area."@en1
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