Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-572-000"
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"en.20120418.26.3-572-000"2
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"Targeted investment in business, infrastructure and renewable energies will be required in Greece in order to get the country back on its feet. This is precisely the purpose of the funds provided for under European cohesion policy. In order to implement our projects, however, we need money from private investors. These are unable to raise the necessary loans at present, however, because the banks mostly view any investment in Greece as too risky. That is why I believe we should use part of the funds already allocated to Greece to secure such loans. The banks can rest assured that they will get their money back, while investors will get their much-needed loans and can therefore participate in EU projects, enabling Greece to create several thousand jobs. The advantage of the report is also that it enables very efficient use of the precious funding that is available: by simply using these resources to secure the risk, we can generate more investment than if the money were to be invested directly in projects. Finally, this report makes one thing clear: the European Union is right behind Greece and private investors can rely on this fact."@en1
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