Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-287-000"
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"en.20120419.15.4-287-000"2
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"Following the previous two proposals amending Council Regulation (EC) No 1083/2006, which were a response to the economic and financial crisis of the time, the Commission is now proposing a third amendment, which is intended to supplement the regulation with provisions relating to the establishment of a risk-sharing instrument. By this means, even more money is to be pumped into Member States like Ireland, Greece, Portugal and Romania, which have already received generous loans. The intention here is supposedly to overcome the credit crunch in order to enable the implementation of infrastructure and investment projects which can only be part-financed by public funds. Based on the fact that hundreds of billions of euros have already been poured into these states and their banks, and in light of the fact that EU subsidies for infrastructure projects have already been increased from 50% to 85%, this is not a welcome move. At some point we need to say ‘enough is enough’ here, particularly when we remember that the money has not always been put to proper use in the past in the aforementioned states. In view of the enormous budget deficits of the net contributors, who are themselves being forced into taking drastic austerity measures, it is unreasonable to expect the citizens in these states to continue to put up with this. I therefore voted against this report."@en1
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