Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-062-000"

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"en.20120329.4.4-062-000"2
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"Mr President, I should like to start by welcoming the President of the European Investment Bank to plenary and to welcome the initiatives taken and work carried out by the Bank in combating the emergency caused by the crisis and the constant efforts being made to achieve social and economic cohesion and stability and growth in our neighbourhood. I should like to focus my attention on the need for complementarity between the resources of the European Investment Bank and the resources of the Structural Funds. We need to consider how we can combine the Bank’s activities with unused resources, so that we can offer venture capital and technical support to small and medium-sized enterprises. I believe that our efforts should focus, on the one hand, on the sectors that give the European Union competitive advantages, such as the knowledge economy – and I welcome the efforts you have already made in that direction – and, on the other, on the countries which have been particularly hard hit by the crisis. I should like to welcome, in particular, the creation of the Guarantee Fund recently established in my country, Greece. It makes provision for soft loans totalling EUR 500 million to be channelled – via banks – to small and medium-sized enterprises. I should like to ask how you view its prospects and what direct action has already been planned in order to address the economic and social crisis in Greece and to kick-start the economy, which is something we badly need."@en1
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