Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-463-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Innovative financial instruments in the context of the next Multiannual Financial Framework (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20121025.32.4-463-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-464-0002
lpv:speaker	lp:Eider Gardiazabal Rubial2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 substitute; TRAN (2012-01-19--2014-06-30)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2012-02-02--2014-06-30)3 unknown; Partido Socialista Obrero Español (2009-07-14--2014-06-30)3 member; Delegation for relations with India (2011-12-14--2014-06-30)3 member; BUDG (2012-01-19--2013-02-19)3
lpv:translated text	"Mr President, Commissioner, there is certainly very little left to add, as all those who have spoken have gradually sketched out what the characteristics of these innovative financial instruments should be for the next multiannual financial framework. There has been talk here of simplicity, transparency and also of information campaigns, so that people can be aware that these instruments exist, for small and medium-sized enterprises, which often imagine the world of EU bureaucracy to be complicated and too far-removed. Indeed, in the report we also state that there is a need to publicise these financial instruments, that we need to train regional and local organisations, as well as banks and small and medium-sized enterprises, so that they are aware that these financial instruments are available and know how to use them. I would like to make a small clarification, because sometimes there are questions as to when the financial instruments are used or why subsidies can or cannot be replaced. There are three investment scenarios: one that is optimal, in other words the project is generating income and is low risk, and it should therefore be financed directly in the market. There is another situation in which projects have low profitability but clear added value; in this case we are precisely in the territory of subsidies. However, between these two situations there is a middle ground: when there is significant profit but not enough to access the capital or credit markets, and that is where the financial instruments come into play. The financial instruments cannot, therefore, under any circumstances, be substitutes for subsidies, nor can they, under any circumstances, create distortions in the market. Finally we would like to clarify that obviously, as Mr Murphy said, private investment has declined, and we have unfortunately seen how, in recent years, the capital markets have resorted directly to speculation. That is, however, precisely what these financial instruments aim to prevent, because they are going to help profitable projects that we consider to be strategic for obtaining finance, thus avoiding speculation."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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