Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-153-000"
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"en.20120705.19.4-153-000"2
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"I am pleased to see that Parliament has today voted by a large majority in favour of the text of which I am the rapporteur and which considers testing a new financial instrument to contribute to implementing trans-European transport and energy networks, the so-called ‘project bonds’. I voted in favour as I am personally committed to highlighting the crucial importance of giving the go-ahead to this pilot phase.
We must use European resources and take advantage of the experience already gained by the European Investment Bank (EIB) if we want to create a leverage effect that allows us to create quality projects of European interest. However, I would argue that we must not stop at this first step, but must already be looking at how to develop the future pilot phase: firstly, we need to increase the budget, which is currently insufficient (EUR 230 million), especially in the energy and telecommunications sector. Secondly, to succeed in driving a genuine economic recovery, the EU must have the courage to create a direct bond issuance initiative which directly releases bonds, to directly participate in investments in infrastructure regarded as key to pulling the economy out of crisis, creating jobs and restoring competitiveness to the system."@en1
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