Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-236-000"

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"en.20121026.23.5-236-000"2
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". In favour. The introduction of IFIs at European level was seen as a way of enabling the Union to stimulate investment in the real European economy in line with the Union’s objectives at a time when – against the background of a constant fall in the volume of resources allocated to its budget – its political ambitions, and thus its needs, were steadily growing. Thus, the increased use of IFIs should not turn into a strategy to reduce the size of the Union budget but should serve to optimise its use. We welcome the fact that in its communication on IFIs, as referred to above, the Commission acknowledges that ‘the intention behind an increased use of innovative financial instruments is (…) not to replace grant funding with financial instruments’;"@en1
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