Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-04-30-Speech-4-037-000"
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"en.20150430.3.4-037-000"2
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"Madam President, I welcome this report and I also welcome to the Chamber President Hoyer and his team from the EIB.
It is crucially important, as countries move from being a programme country back into the international lending market having completed structural reform and having got their deficits down, that they obtain the support of the European Investment Bank. I was really delighted to hear from the Commission today that there is an increase in lending to programme countries from 2013-2014 in the order of 27 %.
In the case of Ireland, which has gone through an enormous shock, in 2010 the EIB lending to Ireland was EUR 210 million; last year, 2014, it was EUR 850 million. Here is an example showing that we can invest more and lend more to countries who have improved their own position as a result of structural reform and as a result of getting an appalling deficit down. That is where measures to address the gap in investment need to be encouraged and supported – especially in the case of former programme countries, or those countries currently in the midst of a programme.
Finally, can I make this point: the European Investment Bank needs to be given, in my view, a much more structured dialogue in this House, especially through the Committee on Economic and Monetary Affairs (ECON). While our engagement here is very useful, I do think on a quarterly basis, at the very least, that the EIB – and I know they welcome this and would encourage this – should be before this House to ensure that these issues are gone through in a more detailed way."@en1
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