Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-366"

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"en.20090324.30.2-366"2
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"The European Investment Bank is the world's largest bank and it is clear that it has an important role to play in developing the economy in the European Union's internal market and beyond. Currently many proposals are being put forward to extend the functions carried out by the European Investment Bank. I am a member of the Committee on Economic and Monetary Affairs, but I cannot even remember many of those proposals. It seems that now everyone knows what the European Investment Bank must do. There are also many proposals to re-evaluate the operations carried out by the bank outside the European Union. The document drafted by the rapporteur is specifically intended to extend the validity of the Community's guarantees to cover losses incurred by the European Investment Bank's lending outside the European Union. The variety of proposals clearly shows that we need broader debate on the activities of the European Investment Bank and the direction in which those activities should be developed. I hope that the Commission will find time to examine this problem more closely in the overall context of the European economic stimulus plan. As for the guarantees offered by the European Investment Bank, many additional conditions have been laid down to take human rights and aspects of equal development into consideration. This is a welcome initiative, but in its external policy the European Union should aim to make other banks, operating in third countries, implement or carry out their activities based on these principles as well. Only then will there be equal competition outside the European Union and the European Investment Bank will not risk experiencing many losses."@en1
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