Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-294-500"
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"en.20120419.15.4-294-500"2
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The objective of this proposal establishing so-called risk sharing is for the European Investment Bank and other national or international financial institutions – public or private – to issue loans to projects’ investors and to banks, with a view to providing private cofinancing for projects implemented with contributions from the Structural Funds and the Cohesion Fund. However there is a serious problem with this proposal: this transfer of capital from the Structural Funds and the Cohesion Fund to the European Commission will decrease the overall financial package for the Member States, which is highly damaging to them. What was actually necessary was to increase the allocation of funds to these countries."@en1
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