Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-230-000"

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"en.20121026.23.5-230-000"2
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". I voted in favour of this report because I believe that the know-how and the technical capacity for using and managing financial instruments should also be strengthened at the level of managing authorities, financial intermediaries and banks. I agree that the purpose of innovative financial instruments (IFIs) is to act as a catalyst in situations of market failure or suboptimal investment. It is important to point out that in the area of internal Union policies, IFIs are implemented either at European level (managed by the Commission itself or a body authorised by it) or at national level in the context of regional and cohesion policy (managed jointly with the Member States). It is important to note that implementing IFIs takes time and calls for sophisticated investment skills, careful preparation of projects and detailed knowledge of market mechanisms. Such financial instruments can only improve management if countries’ common financial and human resources are adequately coordinated."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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