Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-06-24-Speech-1-416-419"

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"en.20150624.34.1-416-419"2
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"I, along with my colleagues in the Labour Party and the Socialist and Democrats Group, voted in favour of this report to help implement the EU’s EUR 315 billion plan to overcome the crisis-induced shortage of investment in the European economy. This initiative should entail no extra financial burden for taxpayers. The aim of the European Fund for Strategic Investment (EFSI), to be run by the European Investment Bank, is to provide public support for projects that are economically viable, but would not otherwise happen because private investors are hesitant to finance them due to the uncertain economic situation and the higher risk involved. EFSI will assume part of that risk, thus encouraging private investors to get on board."@en1
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