Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-456-625"
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"en.20121023.45.2-456-625"2
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"The aim of the proposal to amend the European Union budget is to authorise the use of available cohesion policy appropriations to cover risks resulting from guarantees for loans granted by financial institutions, thus creating ‘risk-sharing instruments’. I voted in favour of the document, as this proposal will allow countries such as Portugal and Greece, which have received assistance from the International Monetary Fund, European Central Bank and European Commission, to carry out projects that are essential to stimulate economic activity, create jobs and attract private investment. It should also be noted that these risk-sharing instruments will allow the launch of projects cofinanced by the European Regional Development Fund or by the Cohesion Fund, which are currently blocked due to financial restrictions. This will all be subject to a very strict framework of democratic control by the European Parliament with regard to these financial instruments."@en1
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