Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-364-375"

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"en.20120329.36.4-364-375"2
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"The report mainly covers two types of issues: financial controls and future lending policy. The ECR could have supported the parts of the report regarding financial controls. The report also, however, makes recommendations regarding current/future lending priorities. Where these are based on a sound commercial footing, the ECR Group can support them. However, too many of the proposals were too specific and represent an attempt to micromanage EIB lending policy according to criteria that were ill-defined. The ECR takes a cautious position on project bonds and feels they need to be organised on a trial basis, with effective scrutiny of the potential liability, and so should not yet be given unconditional support. The report also fails to adequately address the issue of unrestricted liability for Member States’ governments and the consequent effect on risk management and accountability with the EIB. For these reasons, the ECR abstained on the final vote on the motion."@en1
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