Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-040-000"
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"en.20110217.4.4-040-000"2
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"Mr President, the European Investment Bank is an intergovernmental instrument. The Member States provide a guarantee within the Union, and the European Union provides a guarantee outside the Union. It is absolutely vital for the Bank to retain its triple A rating; that guarantee is extremely useful. Moreover, one day, the Union will have to become a shareholder or partner of the Bank so that the intergovernmental and the Community aspects can be aligned.
My proposal is to focus the discussion on the repayment of that guarantee – the 29 billion. The repayment would amount to some EUR 100 million, and at the same time we could provide a subsidy to the EIB depending on the projects it presents to us. With regard to guarantees, I would draw attention to the fact that, with the Stability Fund – EUR 60 billion – and the 30 billion, we have practically a year’s budget pledged by the European Union as a guarantee."@en1
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