kfajdsl/voxpopuli huggingface dataset:
so how do we reconcile this decrease in lending volumes with the request from our shareholders to as it is said strengthen support for smes and infrastructure and enhance action to support growth to use the wording of the european council meeting in january? how do we make sure that in times of need the eib does not work pro cyclically due to its capital constraints?
we welcome the fact that even though the report has the year two thousand and ten in the title it not only looks at the past but also examines matters from a broader perspective and addresses some very recent developments as well as some key orientations for the future.
given these constraints another way to construct capital support for the eib would be to allow the eu to provide quasi capital.
we are aware that the current economic climate and budgetary shortfalls mean that we must find ways to do more with less.
however this has brought us to a limit and this was clear from the beginning.
you will be aware that since two thousand and eight the eib has on request by the member states and as a timely targeted temporary measure extended extraordinary lending volumes in support of growth and jobs.
the other part is restoring sustainable growth boosting job creation and stimulating competiveness to ensure the eu maintains its position in a world economy that is now globalising at high speed.
indeed investment in that area is vital for europe if it does not want to be sidelined by new actors in the global game.
to borrow at very favourable rates and pass this on to the final beneficiary.
combining eu budget funds with eib resources risk sharing and guarantees for financing mechanisms is one way of achieving this.
across the continent we have realised that solid public finances are key to regaining market confidence.
this means there are limits to what these risk sharing instruments can achieve. a conventional capital increase as you mention in your report would definitely be the most effective way to remedy that but so far understandably the readiness and willingness of member states to boost our paid in capital appears limited.
it is a real pleasure because i believe that the cooperation between our bank and the european parliament should be clear should be open and should be transparent.
rather than reducing the number of projects we have financed a lower proportion of projects and in practice a constant number of projects in order to maintain our impact across a wide spectrum of areas. we have also made sure not to withdraw from countries in need as that would contradict our role.
in the meantime we continue to explore other alternatives in order to strengthen the bank's capital base so as to allow the bank to do more.
this is because the eib does not spend taxpayers' money but obtains all the resources it needs for lending by borrowing on the markets eur seventy six billion last year almost half of which was from countries outside the european union which by the way is also an indication of
this is essential for the business model of the bank and the european union member states. the shareholders of the eib should have a keen interest in the european investment bank maintaining the balance and this is the job of any bank between risk orientation and preserving the good quality of the portfolio in order to be able to maintain a high rating on the market because that is the basis for our ability
secondly on project bonds i fully share commission rehn's position and welcome and support the eu two thousand and twenty bonds initiative. i welcome the agreement on the pilot phase of the project which i believe is crucial in order to assess the effectiveness of the new system and to remedy any problems which may occur in advance and as soon as possible.
let me point briefly to some additional important elements in the report that have also been raised in our discussion today. firstly on financial instruments i consider the cooperation between the eib and the commission in this field to be a good example of joint actions and i underline the positive outcome of existing instruments such as the risk sharing financing facility.
i welcome the eib's action on climate change and call on it to refrain from funding certain types of projects which have devastating environmental and social impacts.
this will improve the prudential control on the quality of the bank's financial situation and will ensure that its results are accurately measured.
last but not least the question of climate change was mentioned in the debate.
furthermore i call for full alignment of the bank's operations with the eu objectives for a swift transition to a low carbon economy.
thirdly on prudential regulatory supervision i share the view that the eib should be subject to the same prudential rules as other credit establishments in the union.
i would like to thank again all my colleagues and especially the shadow rapporteurs who worked on this dossier.
however i believe it essential to develop a comprehensive global audit system which will contribute to ensuring the best control management of these instruments in view of their growing complexity.
the capital adequacy ratio decreases more and more each year.
it is clear that this is a result of growing pressures on the creditworthiness of existing counterparties and the higher risk embedded in new operations.
i would like to emphasise the fact that the aaa credit rating of the bank represents the cornerstone of its activity and is essential for its operations.
i believe that these points are essential.
that is why the eu needs this strong institution and i welcome the european investment bank's strong commitment to taking a leading role in reviving the european economy. in the two thousand and ten annual report i emphasised several important issues that addressed these challenges.
there is insufficient information about the results the impact and the achievements of this policy.
yesterday the ecb again expressed its disappointment at the low growth levels and the lower than expected business crediting. at the same time unemployment rates are greatly increasing in most of our member states.
the information on the quality of the sub project's finances and consequently the final beneficiaries' performance does not provide sufficient assurance that the desired objectives are being achieved.
the first critical point for me is support for small and medium sized enterprises. i am convinced that a well functioning real economy and smes in particular should be the engine that will boost the eu economic recovery. the eib group ensures significant support for smes across europe through its different instruments.
in addition to these factors europe also faces important external challenges such as climate change energy issues and democratic changes in neighbouring countries.
i wonder how the risk management philosophy of the eib is addressing these challenges.
i am concerned about the increase of the overall level of credit risk in the bank's loan portfolio.
the european guarantee to the eib operations outside the eu represents a potential liability for the eu budget and we need to see efficient monitoring tools that show the real value added of the finance project.
i hope that president hoyer will address these issues with even better responsiveness than the eib has demonstrated so far.
but at the same time we are also asking you to lend more money.
they are more demanding of the authorities in their countries.
as a matter of priority the european union also expects political leaders to demonstrate responsibility by bringing the constitutions into line with the judgment of the european court of human rights.
however it is up to the country's authorities to use all available tools and to make all possible efforts to make this happen.
it. in this challenging environment the commission continues to promote reforms through a continuous dialogue with the authorities.
on the other hand stability and security are not at risk according to the reports of eufor and eupm. let me reassure you that in these difficult times the european union stays fully committed to bosnia and herzegovina's european future. i share this personal commitment with the high representative baroness ashton.
the commission is prepared to provide additional technical support and be actively involved in the monitoring of the census.
of. two thousand and ten in order to meet its commitment under this agreement bosnia and herzegovina needs to establish viable government structures able to adopt and implement european union compatible laws.
two thousand and ten is an election year and some political leaders are engaged in divisive rhetoric.
visa liberalisation is a proof that political consensus brings tangible results.
the high level meeting was also an opportunity for the european union to underline the importance of regional cooperation and to encourage positive steps towards reconciliation to be undertaken by neighbouring countries in the region.
i have asked prime minister piri to set up an institutionalised body on constitutional reform that could remain operational after the elections.
as soon as our assessments conclude that all benchmarks are met the european parliament and the council will codecide on the commission's proposal. let me conclude by underlining that it is important that we all continue to press for a responsible leadership
further constitutional amendments are needed to make bosnia and herzegovina a more functional state but also to comply with article two of the stabilisation and association agreement.
as regards the visa dialogue the commission proposal presented on twenty seven may maintains only a limited number of outstanding requirements.
in addition the economic crisis makes the situation even more difficult.
the two thousand and eleven census is crucial for promoting social and economic development and for european union integration.
indeed as mentioned in your resolution joining the european union means accepting its rules and values.
the stabilisation and association agreement is likely to enter into force before the end
our goal is a stable bosnia and herzegovina firmly on its way towards the european union and we will provide all our support to reach this goal.
the parliament in bosnia and herzegovina is still discussing the draft law on census. the commission has organised numerous workshops and meetings with members of parliament ministers and civil servants to explain the importance of the census and urge them to agree on
together with all european union interlocutors the commission will continue to work for the transition from the office of the high representative towards a strengthened european union presence in the country once the conditions are met.
and to give concrete evidence to the population that their future is in the european union.
otherwise the country risks falling behind the rest of the region.
again the case was made that visa liberalisation has shown that there is a way for the politicians in bosnia and herzegovina not only to agree on something but actually to do a very good job in implementing
a rather demanding road map leading us to the visa free regime.
secondly the adoption of the state level census law;
already now we should work on momentum on the window of opportunity which should be presented by the results of the october elections.
it needs tough love from us and i think that is what it gets from doris pack.
a functional state is essential to welcoming investment taking up eu funding and export opportunities thus creating jobs.
we desperately need also the reforms to respect human rights and justice and fight corruption.
nowhere does it prevent us changing the length of our sessions. it notes our working practice of having four day sessions.
i would ask that the president reconsider his decision seek legal advice and perhaps read the judgment.
it makes that as a finding of fact but not of law. the court held as a point of law that our sessions must be of the same length and my amendment is consistent in that.
in accordance with rule one hundred and seventy five on behalf of my group i request that this matter be referred back to the conference of presidents for further discussion.
i have that ruling and i have read it this morning.
mr president for all anybody knows in here i could have wandered around the european union with some gm oilseed rape with seed saved from my trial in two thousand and two and plastered the continent with it.
it is an opinion which splits groups and divides the house but we think it is sensible to take another two or three weeks to consider the legal opinion properly in order to decide what we can legally do and what we legally cannot do and not just take president schultz's decision without any checks or balances.
mr president we came here this week to strasbourg in the expectation that the british government was set to trigger article fifty and yet again we see that there is a delay as the lack of leadership the lack of direction among the british government again becomes apparent and the people who once again are left to suffer the results are those very people from countries who voted to remain part of the eu.
we need to ensure that the north of ireland is secured with special status.
we will not allow the eu institutions to do so now.
we did not allow in the irish border region the british military at its height to force a closure of the irish border.
we need europe to stand with the people in the north of ireland.
the places we have seen leadership come from are scotland where nicola sturgeon has shown theresa may to be the failure in politics that she is and the north of ireland where seventy of the people when given the opportunity voted for parties that supported the remain campaign in the referendum.
mr president after the elections in macedonia president ivanov does not want to hand over power to the opposition.
well i am sorry to say but since these were fair and legitimate elections whether the president or prime minister likes the results or not whether they like the opposition programme or opposition agreement or not it does not matter.
the house was recently destroyed for the second time by the turkish state along with the homes of seven other relatives all destroyed first in one thousand nine hundred and eighty nine and again in.
the kurdish issue has not been settled in turkey and never will be whilst erdogan's fascist dictatorship continues to wage war against its own people arresting and jailing thousands of educators artists trade unionists journalists civil society activists public officials and democratically elected hdp politicians.
this house belongs to the mother of a kurdish university student now resident in my manchester constituency.
the end of the roaming charge as we all know was a hugely popular consumer initiative that took many years to complete.
what british armoured cars and tanks and guns could not do in ireland twenty seven member states will not be able to do.
yet i have not met one business person one young person one farmer one man woman or child who has said to me rubbing their hands in glee god this divorce from the eu is going to be very good!
and let me put the record straight to everybody here no border hard or soft will be accepted by the people of ireland.
because these elections are vital as you have said not just for burundi but for the whole of the great lakes region where we expect elections in the next eighteen months.
i want this country one of the poorest on the planet to continue to receive our assistance and to be able to develop the economy and services for local people but we cannot do that without peace we cannot do that without stability and that is why we need the government to heed our calls today.
we need to see an end to the violence now because police violence mass arrests and imprisoning opposition leaders and human rights defenders have no place in any election process and we need the government to take action to stop it now. we as the eu should be ready to support burundi in a peaceful dialogue to get a peaceful dialogue established there to talk about the elections and to prepare for a peaceful electoral process in the run up to those elections
we stated that those demanding that arusha be respected especially on the third mandate issue should not be ignored.
it is not too late to take the path of reconciliation and dialogue.
it is with this objective in mind that our eleventh european development fund national allocation to burundi was doubled as compared to the previous edf to an amount of eur four hundred and thirty two million.
but others were detained or harassed in similar circumstances and we must follow their cases extremely closely.
depending on developments we are looking at all the options available to us.
as you know the european union has not only given financial support to the elections but is sending an electoral observation mission.
i would like to say a word now on the presidential and legislative elections in burundi.
at the same time the burundian authorities should respect the right to demonstrate peacefully and avoid excessive force.
we cannot however see the elections in isolation from our overall partnership.
this can only encourage rumours and promote frustration and heightened tensions on the streets.
in addition there can be no impunity for those individually responsible for human rights abuses.
were naturally concerned at reports that he had been mistreated and again arrested without justification.
i deplore the restrictions on freedom of the media and assembly which prevent burundians from understanding what is happening around them and from expressing themselves particularly in the delicate moments before the start of an electoral campaign.
we will take the steps needed to ensure they account for their actions.
successful elections should be our first goal.
it is vital that all actors promote calm and avoid provocation.
the cotonou agreement is absolutely clear on the need to respect human rights democratic principles and the rule of law as essential elements.
in reviewing our next steps we need to focus on finding solutions and promoting positive changes which will allow burundians to continue to fulfil their expectations. we must not hurt the poor and vulnerable and we should make every effort to allow relations to be fully normalised as quickly as possible.
that is a fundamental condition of our support and clearly an element to be closely monitored in these difficult circumstances.
intimidation and harassment of human rights defenders the media the political opposition and other critical voices must end.
the european union is one of burundi's major development partners and our support is crucial in providing this country with a better chance of dragging itself out of a position of structural fragility and extreme poverty which severely affects large segments of its population.
i am very glad that he has been released and i congratulate those who worked on his behalf.
the challenge now for the european union and other international partners of burundi is to maintain a productive dialogue encouraging the authorities to seek consensus built on discussion across the political spectrum and civil society.
through previous resolutions and the actions of honourable members this house has reminded burundians that they have allies in their efforts to achieve sustainable democracy to take their country from fragility to democracy and to maintain a path of respect for human rights development and regional integration.
the decision of the ruling party to nominate president nkurunziza as presidential candidate has promoted a serious division across society and across politics.
firstly that we have the support of this house in reviewing all the options available to us under the cotonou agreement and other instruments if the situation is not resolved with particular attention required to the respect for human rights and fundamental freedoms.
secondly that we have a responsibility to burundians to protect them from increased economic and humanitarian risks in an already fragile country and that we must keep this in mind.
there was only one week before the committee vote and the plenary vote with a lot of new amendments and i think it is in the interest of all the groups that on such an important report as turkey we try to find a broad majority.
turkey is a very very important matter.
we have responsibilities to our constituents our constituents are entitled to know where we stand on this and i would suggest that the vote goes forward and people do not try to evade it.
as they point out what is in question is a deep political and social antagonism dating back over twenty years.
and they point out that this is possible only with caution discretion persistence trust and the will for dialogue.
they point out five concrete steps to overcome this situation first an election schedule;
in two thousand and seventeen the election of governors should be a priority.
that is why we reacted immediately to the recent rulings of the venezuelan supreme court suppressing the competences of the national assembly and the immunity of parliamentarians calling for full respect of the constitutional role of the national assembly and for the immunity of its members.
to this end we continue our constant contacts with countries in the region and beyond and with international and regional organisations from the united nations to the oas and unasur to share views and coordinate actions wherever and whenever appropriate.
two thousand and sixteen unfortunately although the first two sessions of the dialogue in october and november had encouraging results the commitments were not respected.
the political polarisation and institutional confrontation has further escalated the economic situation is dire the shortage of food and medicines has increased there are reports of alarming child malnutrition and the insecurity is only getting worse.
today's discussion is timely as the dialogue between the government and the opposition has stalled and the country urgently needs to find a peaceful and democratic solution to this crisis.
since then the political social and economic situation in the country has not improved.
the establishment of an electoral calendar respect for the national assembly's access to external assistance to address the most urgent needs of the population and the release of political prisoners remain key issues on which there has been little or no progress.
we have been providing political and diplomatic support with a view to a meaningful and effective dialogue that can bring lasting and democratic solutions within the constitutional framework and in full respect of human rights and fundamental freedoms.
the eu has repeatedly been calling for respect for the constitution democratic principles the rule of law and the separation and independence of powers which are crucial for the country to achieve a peaceful outcome to the current difficult situation.
the eu remains ready to reinforce its support to help address the most urgent needs of the population thus contributing to dealing with current humanitarian challenges.
for the democratic order to be guaranteed venezuela needs to establish an electoral calendar as foreseen in the constitution and to organise elections that are free fair and inclusive.
two thousand and seventeen as venezuela's economic model collapses food shortages and street riots are becoming more frequent parts of everyday life.
national assembly elections held in december two thousand and fifteen saw president maduro's party lose to the opposition.
so therefore early free and fair elections are clearly a must and we should do all we can in the european union to support the democratic process before it becomes a total dictatorship.