Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-276-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-04-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20120419.15.4-276-000"2
lpv:hasSubsequent	lp_eu:2012-04-19-Speech-4-277-0002
lpv:speaker	lp:Vilija Blinkevičiūtė2
lpv:spokenAs	substitute; FEMM (2012-01-19--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 vice-chair; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-29--2014-06-30)3 member; EMPL (2012-01-19--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-10-07--2014-06-30)3 substitute; LIBE (2012-01-19--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3
lpv:translated text	"− I voted in favour of this report because the European Commission’s proposal is aimed at ensuring the continuation of the implementation of the programmes cofinanced by the European Regional Development Fund (ERDF) and Cohesion Fund (CF) with a view to the economic recovery of the Member States receiving financial assistance. The European Union is currently being confronted with a persistent economic and financial crisis that is not only affecting the macroeconomic stability of many Member States but also access to finance across the whole European Union. This is jeopardising the implementation of cohesion policy programmes as the liquidity problems being faced by financial institutions is limiting the amount of financing available for the public and private stakeholders carrying out the underlying projects. The provisions of the Commission’s proposal on establishing risk-sharing instruments are intended to address the serious obstacles faced by some Member States, particularly Greece, in raising the private financing needed to implement infrastructure and productive investment projects which can only be part-financed by public funds. The measure proposed is an exception to the normal framework in which cohesion policy is implemented, justified only by the exceptional circumstances imposed by the crisis. It aims therefore to cover part of the risks associated with lending to banks or to project promoters in the Member States experiencing or threatened with serious difficulties with respect to their financial stability, in order to maintain the involvement of private investors and to overcome important obstacles faced in implementing cohesion policy programmes."@en1

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