Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-168-000"
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"en.20120419.15.4-168-000"2
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"Mr President, ladies and gentlemen, the unprecedented global financial crisis and economic downturn have seriously damaged growth and financial stability and provoked a strong deterioration in financial, economic and social conditions in several Member States.
To alleviate those problems and speed up the implementation of the operational programmes and projects, as well as to strengthen the economic recovery, I think it is appropriate that the managing authorities of the Member States which have benefitted from financial assistance according to one of the financial assistance mechanisms provided may contribute some of the resources from operational programmes to the establishment of risk-sharing instruments providing loans or guarantees in support of projects and operations foreseen under an operational programme.
It is our duty to enhance the synergies between the loan programmes and Union funds in those Member States which are under Union or International Monetary Fund assistance. The creation of a risk-sharing instrument is necessary for this, since it would provide additional liquidity to implement infrastructure and productive investments projects without modifying the overall allocation under the cohesion policy for the period 2007-2013."@en1
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