Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-10-06-Speech-4-474-000"
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"en.20161006.37.4-474-000"2
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"Mr President, firstly, I must say that, looking back over the last two years when President Juncker announced his EFSI plan, many people very dubious and when Vice-President Katainen was handed what many saw as the poison chalice, they felt that this could not actually be successful. But he has worked very hard on the area, he has visited all over Europe and here in Strasbourg and in Brussels. As a result, it has actually been very successful, and only today it was announced that EFSI has helped to create 830 000 jobs – it is worth repeating, 830 000 jobs! He deserves great credit for that, as does the Commission, because if it had failed, they would have been criticised and ridiculed, which many people expected. So now that it has started, the momentum is behind it and people will believe in it. I think you will get far more investment, especially when he introduces regulatory reform to undo or eliminate any obstacles there for the private sector to invest. That is going to be very important, and also of course we recently passed the creation of the Capital Markets Union, and that is going to make a huge difference in terms of new models and creating new ways of financing.
So those three aspects – EFSI, regulatory reform, and the Capital Markets Union – are going to be wonderful in terms of creating sustainable finance into the future. Also I was delighted to hear him in his opening remarks refer to green financing. Of course, the climate has changed dramatically for that in the past 12 months, as a result of the Paris Agreement and now Marrakesh, where the agreement will be actually turned into action. So it will be imperative to invest in the green economy; it will be the only show in town and that should unlock huge opportunities for businesses, and for Europe, indeed, to become a world leader. So, well done to Vice-President Katainen and everyone involved. They deserve credit; they do not always get it."@en1
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