Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-11-18-Speech-4-313"
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"en.19991118.17.4-313"2
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"Mr President, the European Investment Bank’s activities are becoming ever more important, especially now that Eastern and Western Europe are to draw closer to each other. Bringing new countries from Eastern Europe and the Mediterranean area into the EU, like developing cooperation with other neighbouring countries, is not just a question of reaching good agreements. It is at least as much a question of in actual fact developing these countries’ societies and economies so that they can manage the new environment they are to be integrated into. It is therefore a serious matter that it is now so unclear how much confidence can be placed in the Bank.
The content and consequences of the EIB’s programmes must be developed in such a way that loans vigorously support the European Union’s political objectives. The rapporteur and the Committee on Budgets particularly point out that the Bank’s projects must support important objectives, including the European Parliament’s decisions concerning, for example, the fight against poverty, the defence of democracy and human rights and the protection of the environment.
Clearly, the European Union must continue to back the EIB and guarantee its loans, especially against political risks. We take a favourable view of the desire that now exists to carry out assessments in such a way that differentiation takes place on the basis of how risks and financing opportunities appear in different parts of the world. It is also important, however, not only to make improvements to the programmes themselves. Instead, there must also be improved public scrutiny of the Bank’s activities. For example, it is important that the Bank should work with clear, assessable objectives so that we might in actual fact ensure that the resources are used efficiently. This is also important in order for us to be able to learn from the results of the Bank’s activities and use our analyses to develop activities in the future.
Many of my colleagues have spoken of the importance of openness. I shall just touch briefly upon this issue. All EU institutions, like the EIB, must now subject themselves to more stringent monitoring and supervision. That is why we are now demanding increased openness. It ought to be obvious that both OLAF and the Court of Auditors should have access to all documents which are required for the purposes of good supervision. That is the significance of the important amendment No 5, and something which I understand that the Bank has now in fact begun to consider agreeing to."@en1
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