Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-02-14-Speech-3-194"

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"Mr President, Commissioner, President of the EIB, ladies and gentlemen, first of all I should like to congratulate the rapporteur, Mr Lipietz, for his excellent report. The European Investment Bank is a non-profit-making body because that is what the Member States’ governments decided, since its mission was not to obtain economic benefits but rather to contribute to the balanced development of the European Community through granting medium and long-term credits and guarantees for investment projects in the poorest regions, thus fostering economic and social cohesion. But if we examine what the prime orientation for EIB funding is, where have the loans granted in 1999 ended up? We see that most have been used to cofinance investments in the four richest Member States (Germany, France, the United Kingdom and Italy), which received over 60% of the EIB resources supplementing the Community structural funds, while the so-called cohesion countries, that is, the poorest and most needy ones (Greece, Portugal, Spain and Ireland) got only 26%. Even if I am told that this inequality occurs on account of the populations of these Member States, I believe we have to think about this aspect, since balanced development will not be achieved through proportionality but through solidarity. This will become even more necessary as we proceed with enlargement to include new Member States. Do not let it be said, either, that what is happening is that the less well-off countries do not submit projects to be funded; what is needed is a better policy of information, transparency, aid and monitoring. To that end, it could well begin by facilitating communication with possible applicants, providing for the use of all the languages of the European Union, including regional and minority languages, so that everybody can have access to the European Investment Bank."@en1

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