Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-070-000"
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"en.20120329.4.4-070-000"2
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"Mr President, ladies and gentlemen, the work of the European Investment Bank (EIB) is undoubtedly important, especially when it is working to support our small and medium-sized enterprises.
However, I would like to highlight one point of the 2010 report which leaves me somewhat perplexed. I cannot understand how Turkey can be by far the biggest recipient of funding outside of the EU. A large part of European loans are, in fact, going to Turkish companies which are often in direct and unfair competition with our own businesses. From a political point of view, it is even more serious that a bank comprising the twenty-seven Member States should grant loans to a country that does not even recognise one of them, and that continues to threaten Europe regarding the imminent Cypriot Presidency.
Therefore, I have tabled an amendment to freeze funding to Turkey until the Cyprus question has been resolved. I hope that Parliament will not look the other way today, but will take this important initiative seriously."@en1
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