Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-279-000"

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	"hu"^^xsd:language2
lpv:document identification number	"en.20120419.15.4-279-000"2
lpv:hasSubsequent	lp_eu:2012-04-19-Speech-4-279-5002
lpv:speaker	lp:Tamás Deutsch2
lpv:spokenAs	substitute; EMPL (2012-01-19--2014-06-30)3 unknown; Fidesz-Magyar Polgári Szövetség-Keresztény Demokrata Néppárt (2009-07-14--2014-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 member; REGI (2012-01-19--2014-06-30)3 member; CONT (2012-01-19--2013-01-21)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"− The protracted economic and financial crisis calls into question the macroeconomic stability of certain countries. The budgetary and debt crises of the Member States concerned have resulted in extreme situations where these countries are unable to implement key projects in the framework of cohesion and structural policy. The banking sector has been showing little willingness to provide financing, while private investors are also unavailable. The severely affected countries are unable to generate growth, and in some of them investments have stopped due to a lack of private sector cofinancing. The private sector definitely needs to be involved in the implementation of infrastructure projects. Europe needs growth, which can only be achieved if we ensure the absorption of the resources of the European Regional Development Fund and the Cohesion Fund in the form of risk-sharing instruments in the various regions of the European Union. Synergies between the funds must be enhanced, as this is the only way to ensure their efficient utilisation. The rules on cofinancing and state aid are extremely rigid. Raising the percentage of cofinancing to 95% offered some measure of help, but it is still not sufficient. The framework for the implementation of cohesion policies must be re-evaluated, and these risk-sharing options must be applied wherever problems justified by the crisis emerge. This legislative proposal not only serves to assist Greece but several other Member States afflicted by the crisis as well. This risk-sharing instrument will allow Member States quick and effective implementation, and the continuation of already initiated projects. At the same time, risk sharing means that the European Commission and the European Investment Bank will be able to take joint action to involve more effectively private sector investments as well in the implementation of projects."@en1

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