Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-04-27-Speech-1-062-000"
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"en.20160427.16.1-062-000"2
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"Mr President, I want to welcome the report by Mr Pirinski and thank him for the work we did. I also welcome to Parliament President Hoyer, on behalf of the European Investment Bank. The EIB is Europe’s bank. It must be part of our recovery and it plays an increasing role in long-term European investment which, as Commissioner Moscovici pointed out, is EUR 15 billion down in public and private terms from the start of the crisis.
Now the priorities of this Parliament in obtaining more public-private models of funding, more solutions for long-term investment, and the emergence of a genuine Capital Markets Union, all point to a new era, to the future-proofing of the EU economy. In all of that, the EIB plays an increasingly active role. What is particularly encouraging for countries like my own, which have gone through terrible adjustment programmes and seen a massive fall-off in public and private investment, is that when confidence is restored and when a country is turned around, the EIB’s investment significantly improves new investment opportunities in countries such as Ireland.
Now 2014 was a very significant year for the Bank. I welcome especially, on behalf of the EPP Group, the fact that SME lending in 2014 was EUR 25 billion, which was a significant improvement on previous years. Obviously the EIB plays a crucial role in the success of the EFSI Juncker Investment Plan, and the great challenge we face is to realise the private sector contribution, given the capital from the EU budget and the EFSI itself. While over EUR 20 billion was released for strategic investment in 2014, we have to be more ambitious now at this especially important time for Europe. Across the EU the private sector has cash-rich balance sheets which we need to find a way to unlock for all our investment needs.
Finally, I want to agree with President Hoyer when he said repeatedly that he wants further engagement with the European Parliament. We need to find a means of doing that for the satisfaction of this Parliament and its committees and the EIB, and the satisfaction with the integrity of the entire process."@en1
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