Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-08-Speech-2-999"

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"en.20080708.32.2-999"2
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"I voted in favour of the report by my esteemed Polish colleague Jacek Saryusz-Wolski, who proposes approving at first reading of the codecision procedure the proposal for a regulation of the European Parliament and of the Council amending the 2006 Regulation laying down general provisions establishing a European Neighbourhood and Partnership Instrument. Given the funding needs, it was important to clarify the existing provisions on Community funds managed by financial intermediaries because the current text is ambiguous about the possibility of continuing to re-invest such funds. Moreover, it seems logical to authorise the European Investment Bank (EIB) to re-invest within the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) the funds reflowing from past operations. As the earlier Regulations did not provide for the possibility of re-investing the funds, the ‘reflows’ are returned to the Community budget. With the proposed amendment, the EIB can be allowed to re-invest such funds in the context of FEMIP until the Commission decides to close the operation."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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