Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-176-500"

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"en.20111013.19.4-176-500"2
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"I agree with Parliament’s position on the EU guarantee to the EIB, which enables the EIB to retain its EU guarantee for its financing of investments outside the EU as part of its engagement with our neighbours and international partners. This agreement marks the first time Parliament and the Council have used codecision as the legal basis for this guarantee, which is a positive step towards reinforcing its democratic oversight and accountability. Crucially, Parliament has also secured an increase of EUR 1 billion for investments in the southern Mediterranean (such as improving infrastructure and offering credit to private enterprise). In addition, EIB loans and guarantees for projects outside the EU will now be contingent upon their contribution to key EU goals, such as the achievement of the Millennium Development Goals, reduction of poverty levels and the fight against climate change."@en1
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