Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-045-000"

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"Mr President, I have just three points. First, the European Investment Bank is a European institution. It is part of the Lisbon Treaty. As such, it should be one of those helping to achieve the goals of the European Union, be these inside or outside the Union. I would draw the attention of the people who said that the Bank should not have involvements outside the Union to the fact that the European Union has an external policy and the European Investment Bank might be helpful in achieving its goals. Second, the European Investment Bank is a financial institution which is top-rated. It is a very stable financial institution and all the amendments that we tabled were targeted at keeping its stability on the market. At the same time, this is not in contradiction with the possibility of reporting and assessing the development and the climate impact of European Investment Bank projects. Again this is not increasing the risk; this is increasing the transparency of the Bank. I appreciate very much what the Commissioner said. He is right: I expect we touched on some sensitive issues that have been discussed in the Council where no decision has been taken so far, including the blending between EU loans and the grants from the Bank, and how to make European development aid more efficient. The European Union is the largest donor – not only as a Union but as regards the Member States – with very low visibility. We have two alternatives: either not to touch this issue because it is sensitive or to try to work with the Council to work out a better option and to increase the efficiency of all the funds spent by the European Union. Thank you very much for your support. I would expect a very broad consensus and a very strong vote in Parliament, on the basis of which we can enter into negotiations with the Council."@en1
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