Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-228-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20121026.23.5-228-250"2
lpv:hasSubsequent	lp_eu:2012-10-26-Speech-5-228-3752
lpv:speaker	lp:Luís Paulo Alves2
lpv:spokenAs	unknown; Partido Socialista (2009-07-14--2014-06-30)3,3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3,3 member; S&D (2009-07-14--2014-06-30)3,3 member; REGI (2012-01-19--2014-06-30)3,3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3,3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3,3 substitute; AGRI (2012-01-19--2014-06-30)3,3
lpv:translated text	". I support this report, taking into consideration the fact that the use of innovative financial instruments (IFIs) does not generate unforeseen costs/contingent liabilities for the Union budget, in that the liability borne by the European Union is limited to the amount of the Union contribution committed to the IFI in question on the basis of annual budget appropriations, as agreed by the budgetary authority (European Parliament and Council). On the contrary, an IFI may generate proceeds that can be reinvested (reflows) in the fund concerned, thereby strengthening its multiplier effect. The European Parliament strongly defends this principle. Unfortunately, the Council is more reluctant. The new Financial Regulation due to be adopted in October 2012 (Grässle/Rivellini report) should facilitate the use of reflows. However, concrete measures will have to be determined. I endorse this report, but by way of a conclusion, I believe that IFIs merit a simpler, clearer, more transparent legal framework."@en1

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