Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-009"
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"en.20080422.3.2-009"2
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"Mr President, ladies and gentlemen, I would like to thank Mr Audy, who has produced and just presented to us an excellent report on the annual report of the European Investment Bank for 2006. I think that, as the report reflects, the productive dialogue established between the European Investment Bank and Parliament in recent years is very important, as it benefits democratic transparency, which is very important to both Parliament and to the financial institution.
Finally, Mr President, I would like to reiterate the Commission’s satisfaction with this high level of cooperation between Parliament and the European Investment Bank, and I hope that in the future this will enable all of us – all the European institutions – to contribute to better achieving the Union’s objectives.
The EIB contributes significantly to launching and developing many European policies, and we should therefore welcome the quality of this dialogue, which is undoubtedly being strengthened with Philippe Maystadt at the bank’s helm.
The activity of the European Investment Bank is also being strengthened through the new financial framework, with the new financial perspectives for the European Union for the 2007-2013 period. Obviously we are debating the 2006 report. The progress of these perspectives in this initial period of 15 or 16 months is not yet covered by the report, but with the new funding instruments launched thanks to these new perspectives, this cooperation will continue to take place and to become more ambitious and effective in many fields: in policies on research and development, regional development, trans-European networks, support for small and medium-sized enterprises, etc.
Also, with regard to the external actions of the European Investment Bank, on the basis of these financial perspectives the new EIB external mandate has already been adopted. It is not only in the Bank itself, but within the European Investment Bank group that cooperation is also being increased, with the European Investment Fund. Proof of this, for example, is the Jeremy programme.
In addition, we are satisfied with the tripartite agreement between the European Investment Bank, the EBRD, which is the European Bank for Reconstruction and Development, and the Commission, for actions by each of them in countries bordering the European Union to the east, and also with the development of the new FEMIP, which Mr Audy referred to, which is doing a great deal of work, and these are examples of an increasingly close link between the activities of the Bank and the external activities of the European Union.
Mr Audy’s report highlights, and in my view rightly so, the potential of the European Investment Bank for developing innovative funding instruments that are capable of having an enormous effect in terms of increasing the resources available in the European budget for implementing a whole series of policies.
The Commission is aware of this potential. Not only have we already made some agreements with the European Investment Bank, which have been approved by the Council and Parliament, to do more with the same budgetary resources in areas such as trans-European networks or research and development policy, but also, in the context of the review of the Community budget that we will propose at the end of 2008 or the beginning of 2009 for debate, we are looking at extending these new funding mechanisms, and the resulting increase in capacity for action through the budgetary resources available, to other priority areas such as energy and climate change.
With regard to the mechanisms for cooperation with the Bank, I would also like to inform you that we are already finalising the negotiations with the Bank on a new memorandum of understanding to cover all of our cooperation relations, and we hope that it will enable these relations to be even more effective.
I cannot give a response to the suggestion from the rapporteur, Mr Audy, whose concern I share, regarding what the right solution is for the European Investment Bank to be supervised as a financial institution. I do not have the solution, but I think this is a very pertinent question, on which we should all cooperate in order to provide a suitable response."@en1
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