Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-286-000"
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"en.20120419.15.4-286-000"2
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In the Member States most affected by the economic and financial crisis, a number of strategic projects that have been selected for cofinancing under cohesion policy programmes are at risk of not being implemented because private-sector investors and banks either lack the liquidity to lend to projects and project promoters or are no longer willing to bear the risk of investing in the present circumstances.
The risk-sharing instrument is therefore an exception to the normal implementation framework and aims to cover part of the risks associated with lending to banks or to project promoters in the Member States experiencing or threatened with serious difficulties with respect to their financial stability.
We welcome this proposal, which aims to ensure the continuation of the implementation of the programmes cofinanced by the European Regional Development Fund (ERDF) and Cohesion Fund (CF). However, we consider that only projects for which a positive financing decision has been taken by the European Investment Bank (EIB) or similar institutions, and revenue-generating and state-aid projects already included in the operational programmes of the Member States concerned should be eligible for finance under the risk-sharing instrument."@en1
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