Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-07-Speech-1-077"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-03-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:EIB activity report 20032
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20050307.11.1-077"2
lpv:hasSubsequent	lp_eu:2005-03-07-Speech-1-0782
lpv:speaker	lp:Esko Seppänen2
lpv:spokenAs	member; Temporary committee on policy challenges and budgetary means of the enlarged Union 2007-2013 (2004-10-14--2005-06-08)3 vice-chair; Delegation to the EU-Russia Parliamentary Cooperation Committee (2004-09-21--2009-07-13)3 unknown; Vasemmistoliitto (2004-07-20--2009-07-13)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 member_of_the_bureau; EUL/NGL (2004-07-20--2009-07-13)3 substitute; CONT (2004-07-21--2007-01-14)3 substitute; ITRE (2004-07-21--2007-01-14)3 member; BUDG (2004-07-21--2007-01-14)3
lpv:translated text	". Mr President, I am rapporteur for European Investment Bank loans and guarantees on the Committee on Budgets and I would therefore like to present our committee’s point of view with regard to this issue. EIB credits are an easy way to aid the financial development of countries outside the European Union. With that purpose in mind, every year we effect a transfer of funds from the Union’s budget to a special Guarantee Fund, which serves as a guarantee to the EIB in case of defaults on loans. Defaults have been minimal. This being the case, there would be grounds for lowering that share of EIB loans that the Union guarantees by means of the Guarantee Fund. The European Investment Bank itself does not even ask for a 100% guarantee for all the loans it grants. There would be grounds, furthermore, for lowering the percentage figure the transfer of funds from the EU budget to the Guarantee Fund is based on. If we imposed these changes, we could increase the share of EIB lending that can be called development aid to countries not in the Union. We expect the Commission to propose an amendment to the conditions of use of the Guarantee Fund and I would ask the President of the European Investment Bank, Mr Maystadt, to confirm, on the Bank’s behalf, that these changes could be justified and that the Bank would have nothing against them. When global authorisation for granting loans was last changed as a result of EU enlargement, the Union’s neighbouring regions in the north and east did not receive equal treatment. Instead, the Bank leant more in the direction of the Mediterranean region, under the influence of some countries in the south. This kind of situation should be rectified in the future. We cannot accept a situation where Member States do not consider all the Union’s neighbouring regions impartially, but instead, try to favour their own neighbours. The European Investment Bank too should make it possible for all the Union’s neighbours to receive credit in this respect."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph