Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-170-000"
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"en.20120419.15.4-170-000"2
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"Mr President, I abstained on this report on risk-sharing instruments for those Member States suffering financial difficulty. While I believe that the text of the report has been improved following negotiations between Parliament and the Council, I still do not believe that the proposal is in any way viable.
The only Member State so far to express any desire in making use of a potential risk-sharing facility is Greece. While I would back the use of targeted investments under the EU cohesion policy in order to help those States that are in financial difficulty, Greece’s record – sadly – in implementing cohesion policy projects is particularly poor. Anyway, my view is that the structural funds need a complete review and, in many ways, repatriating. I would not, therefore, be convinced that investments under such a policy would have any immediate short-term effect on economic growth or employment, particularly in distressed states like Greece."@en1
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