Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-278-031"
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"en.20120419.15.4-278-031"2
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"I voted against the creation of a risk-sharing instrument to enable the full absorption of regional funds through private match funding, although it is not objectionable in its purposes. What concerns me is the fact that the Commission has had to resort to the creation of such a facility to underwrite loans from the private sector due to the ongoing crisis in the Eurozone. This is yet another example of the Commission seeking to equip themselves with a legal tool to fight a particular battle, while the war still rages because the bigger issues are not being addressed. As a result the risk sharing instrument enables the Commission to blindly pursue European ideals through regional funding that may or may not reflect the best interests of the member states concerned, while failing to address the endemic ideological problems that are the authors of the ongoing fiscal crisis."@en1
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