Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-06-14-Speech-3-547-000"
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"en.20170614.35.3-547-000"2
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"Mme President, today in Ireland a new Irish taoiseach was elected, Leo Varadka, and I want to wish him every success. One of the key issues he has highlighted for Ireland is this investment gap, which is so evident across many Member States but especially in Member States that have gone through a financial crisis – a gap of about 20% in Ireland. I want to agree with Commissioner Moscovici when he said very clearly that EFSI must be a success for every Member State in every part of our European Union, and we must do much more to promote the opportunities that EFSI can advance in economies right the way across the European Union.
In Ireland, because of this investment gap, we need to do much more in drawing down funds and lending opportunities from EFSI. Last year about EUR 800 million was lent by the EIB to Ireland, but only a small percentage of that was in EFSI. I believe the Irish government should set a very clear target of being able to get lending opportunities of over EUR 5 billion over the course of the EFSI plan for new lending opportunities in Ireland, and I also think we should look again at how we use the pillar banks to obtain lending opportunities to small businesses, especially in Ireland. The key aspect of EFSI, its genius, is the idea that we can underscore and underwrite the risk factor that frequently does not allow investment to go into new business and to new lending opportunities. That is what makes EFSIs so useful, and that’s what we need to continue to support for jobs, investment and growth."@en1
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