The President of the European Investment Bank, Philippe Maystadt, presented yesterday before the Economic Commission of the European Parliament, the annual report for 2002, the year in which the EIB has granted new loans for a total of 39, € 6 billion, an increase of 2.8 billion the previous year resulting in particular from increased efforts in the 10 acceding countries and candidate countries.
In pursuit of the mandates conferred by the European Council, the EIB has come to mobilize, including loans and guarantees, resources 31 December 2002 amounted to a total of 234 billion euro. Figures suggest that Maystadt to say that "the EIB is able to fulfill its role of strong support for the objectives of economic growth and social priorities of the Union". Role that seems destined to grow further, driven by an enlargement and on the other side of the growth targets set by the Lisbon competitiveness: between 2003 and 2006, the Bank's program "Innovation 2010" will invest 20 billion euro in particular in research and development in information technology and communications.
The EIB is prepared for future challenges with the capital increase decided January 1, bringing the registered capital from 100 billion to 150 billion euro and the potential investment of 375 billion euro.
Figures Maystadt shows that, with evident satisfaction. "Our policy-oriented economy and transparency we have earned the unanimous approval of a AAA rating," concluded the President.
no mention in the explanatory memorandum to the "Action for Growth" proposed by Giulio Tremonti, who own the Bank assigns a central role in collecting new resources for 50 to 70 billion Euros per year. Then, stressed, Maystadt said that the proposal is welcome and we are interested in exploring with the Commission and the Presidency Italian "He added," However, we should not overestimate the impact of initiative on the economic cycle that is projected over the long term, perhaps by the end of the year we will be able to judge which of the new financial instruments proposed by Italy, you can use , then for the project implementation will take several years. However, it is also possible that in the short term it can trigger an effect on business confidence. "" There is a broad consensus on the initiative ", says the Finance Minister Nikolaos Christodoulakis greek, current president of Ecofin, which, getting ready to intervene in the economy after the Board President of the EIB, the crosses on the door. "Anyway, when it comes actions for growth and we all agree, "he added Christodoulakis.
Addressing reporters, Maystadt states that" if up to now many of the projects contained in the Delors White Paper of 1992 (which inspired the proposal Tremonti, ed ) have not been realized is not only due to lack of financial resources: in projects including - in particular in the trans-European networks - several states, most of the delays created by regulatory and other policy issues. "Perhaps we should also rely on a New Deal this.
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