Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-07-Speech-1-075"
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"en.20050307.11.1-075"2
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".
Mr President, whilst I feel that there is relative consensus on this report, this must not stop us from taking a look at some key issues that go beyond the report and beyond the activities of the European Investment Bank (EIB).
The high level of cooperation between Parliament and the EIB during the last five years has been mentioned in this debate. As we know – and the report mentions this – the EIB has been in existence for a long time, indeed since the Communities were founded. Yet it has only been working in collaboration with Parliament for five years and this cooperation, as mentioned by the rapporteur, has been very fruitful and has led to some highly significant developments.
I would therefore say that this story of relative success is worthy of praise, inasmuch as the EIB is one of Europe’s major financial institutions, created by the Member States with the aim of financing investments and the policies needed to implement the main objectives laid down in the Treaties, either directly or by leveraging private funding.
The report before us naturally points this out, painting the bank’s activities in a wholly positive light, acknowledging that the more it participates in dialogue with Parliament, the greater the effectiveness and transparency of its activities. It must therefore be acknowledged that the Bank’s activities have gradually adapted to the reality of the European economic climate and that the Bank has managed to achieve this adaptation whilst complying in full with its original mandate. It is therefore easy to identify a number of principles, rules, or, if you prefer, suggestions, which the Bank should follow in order to enhance its activities and which will aid understanding of its activities, thereby, without any doubt, helping it to improve its work in the future.
The first of these ideas is that the Bank can and must play an increasingly prominent role in the development of the European economy, particularly during times of recession, focusing its resources and policies on economic growth and cohesion. The second principle is that the EIB should play an important role as a multiplier effect in mobilising private or almost-public funding, encouraging the involvement of all economic operators with acceptable risk levels, either by means of risk capital operations or the granting of guarantees. The third idea is that the Bank must assess the real contribution of its policy on the Lisbon Strategy, which means that the Bank must quantify the results of its actions and immediately disclose those results to the public. The fourth principle is that the Bank’s activities should have a visible and quantifiable effect on job creation and a positive impact on the economic climate, which hinders the full development of small and medium-sized enterprises. The fifth idea is that, given that the Bank must support the European economy as a whole, special emphasis must be placed on scientific research and on high-technology industries. The sixth principle is that all of this is perfectly compatible with the EIB’s firm commitment in its activities to transparency and accountability, which the public demands and which has been consolidated in dialogue with Parliament.
Mr President, Mr Lipietz has tabled a very sensible initial proposal, which prepares the groundwork for a high quality final report and a broad consensus, and which, to my mind, deserves this House’s support."@en1
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