Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-016"
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"en.20100506.3.4-016"2
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"Mr President, ladies and gentlemen, Mr Maystadt, fellow countrymen, we need a bank like yours. Yes, we need it at a time when private banks, like industry, have shown that they are working against the general interest, that they are no longer doing their job of providing society with credit. We need public lending instruments, and even more so at European level. For that reason alone, therefore, I believe – and we believe – that the EIB should assume an increasingly important role.
What role should you play in our opinion, though? That of a catalyst, of course. A public bank like yours cannot respond to all the needs of the market, but you should be a catalyst: a catalyst to help our societies and economies transform, so that they can rise to the two crucial challenges of our time, which are not only to learn to live within the physical limits of our planet – that is, of course, the climate issue and that of the exhaustion of resources – but also to rise to this growing challenge of social cohesion, both within the European Union and on the planet as a whole, since you have a significant mission in the area of development.
From that point of view, allow me to quote just one figure. When we see the energy investments that you were funding in 2009, three quarters went towards 19
and 20
century technologies and only one quarter towards renewable energy.
Therefore, the challenge that we are setting you, Mr Maystadt, and the EIB, is to reverse these proportions, it is to ensure that, in 2010 and beyond, three quarters of your investments – and all of them in the long term – go towards this transformation. I think that this is how you will play your role as catalyst. Mr Maystadt, you have often been top of the class; we ask you to ensure that the EIB really is top of the class at global level."@en1
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"th"1
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