Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-237-000"
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"en.20121026.23.5-237-000"2
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".
According to the Commission’s estimates, a total investment of many billions of euros between now and 2020, throughout the EU, will be needed to implement the EU 2020 strategy. However, the lack of funds which we have seen in recent years makes such investments difficult. I voted in favour of the report, given that the ultimate aim of the innovative financial instruments and their decisive effect lies in the possibility, through a contribution from the Union budget, of drawing capital for projects in cases where the market proves inadequate or deficient. In this way, state intervention may reduce the costs of potential risks or partly shoulder such costs, thus facilitating the implementation of these plans. As regards the design of new financial instruments, I agree about the importance of a preliminary assessment to identify market weaknesses or sub-optimal investments, and also that a range of simple qualitative indicators for ex-ante and ex-post assessment needs to be specified. These instruments, in combination with project bonds, will make investments more attractive and will have a knock-on effect in encouraging further investment. In this way they will play a crucial role in the Member States’ recovery efforts and in growth strategy."@en1
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