Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-561-000"

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"en.20120418.26.3-561-000"2
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"Mr President, there is no doubt that the crisis has seriously damaged both public finances and the banking sector in EU countries. Financial institutions’ liquidity problems have limited access to funding for major infrastructure projects. Naturally, these problems have also affected the Structural Fund and Cohesion Fund programmes. I support the Commission in creating a new risk sharing instrument because it could become a serious catalyst for improving liquidity and ensuring access to funding for the projects under these programmes. I must emphasise, however, that the existing difficulties are not confined to just the six countries that have already received such aid. Why should the countries with good fiscal discipline, which are making serious efforts, not have access to such tools? At the same time, some of these Member States are among the countries with the lowest per capita income. If we restrict the new tools only to countries with problematic public finances, we will send the wrong signal because the liquidity problem affects all Member States. I urge the Commission to make such tools accessible to all countries that wish to use them. This will improve the overall implementation of the projects under the programmes and result in economic growth and job creation throughout the European Union."@en1
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