Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-156-250"
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"en.20120705.19.4-156-250"2
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"I voted in favour of the report since the proposed means enables important investment instruments to be mobilised in the transport, communication and energy fields for infrastructure projects, which are needed for growth, innovation, competitiveness and job creation. Implementation of the planned projects will enable citizens to perceive the benefit of European integration in a concrete way, thereby strengthening the European idea. However, this instrument also carries risks, primarily associated with assuming losses that may potentially be suffered in the course of the planned investment projects. While the upper limit for assumption of risk regarding the EU budget is clearly defined in the legislative proposal of the European Commission, the situation is different where the European Investment Bank (EIB) is concerned. Based on the EIB and the investors concluding a contract for each individual project and the EIB drawing up an overall risk sharing plan covering all projects, it is assumed that the EIB does not need to assume further risks. We therefore need to avoid at all costs a situation where the materialisation of risks has a negative impact on the EIB’s creditworthiness and reputation or on the planning and implementation of projects traditionally supported by the EIB."@en1
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