Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-283-250"
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"en.20120419.15.4-283-250"2
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"Parliament has approved the amending regulation intended to combat the crisis by using Structural Funds to help financially those Member States experiencing or threatened with serious financial difficulties. These are states which are currently receiving financial assistance, particularly Greece. These risk-sharing instruments should assist in raising the private financing needed to implement infrastructure and productive investment projects which can only be part-financed by public funds. At times of crisis, there is a strong likelihood that private investors will withdraw. That is why the European Union is proposing, with the support of the European Investment Bank (EIB), to cover part of the risks associated with lending to banks and to project promoters in these distressed states to allow these revenue-generating projects to be completed. This support mechanism is not unconditional. The budget ceiling of the risk-sharing instrument has been set in advance and only projects approved by the EIB can benefit from this support."@en1
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