Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-169-000"
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"en.20120419.15.4-169-000"2
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"Mr President, at the present time, with the economic and financial crisis persisting and with banking institutions positively averse to risk, there are problems in the area of lending. Financial institutions have problems with liquidity and are restricting the funding for interested parties that are implementing relevant projects. I therefore agree that the possibility of using risk spreading instruments in cooperation with the European Investment Bank will ensure better access to funding and will partially solve the liquidity problem, making it possible in the short term to continue implementing cohesion policy programmes.
However, I am afraid that this form of assistance is unlikely to have an immediate positive effect on economic growth and employment in states which have substantial problems with financial stability and which are unable to monitor the progress of project implementation with due diligence. I was therefore unable to support this motion for a resolution."@en1
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