Recent events in Tunisia and Egypt, the European Parliament meeting in plenary session in February appealed his wishes the creation of a European Bank for the Mediterranean, a true branch of the European Bank for investment. Then he will travel the 2 and 3 March in Tunis to meet with new partners of the Bank in Tunisia, the Vice-President Philippe de Fontaine Vive, in charge of FEMIP, which could become the bank , discusses this project, what can be done now in Europe for these countries, but also on the future of the UPM.
A European financial institution dedicated to the Mediterranean?
The European Investment Bank (EIB) was on the agenda of the plenary session of the European Parliament in February, as MEPs were asked to comment on the revision of its external mandate. On this occasion, and in light of recent events in Tunisia and Egypt, partner countries of the European Union, they argued for greater use of EIB loans in support of democratization movements in South Mediterranean.
In this perspective, and at the initiative of the Socialist Group, the European Parliament has approved an additional budget of 1 billion euros of lending to this region. For the French Vincent Peillon (S & D), Rapporteur in the Committee on Foreign Affairs on this issue and responsible for monitoring the Union for the Mediterranean, "is an encouraging first step. This money should go to priority projects rapid and visible impact the lives of people, in this context, support to micro-credit must be a prime field of action. " But
MEP considers that the EU can go further by creating a European Bank for Mediterranean co-development and investment, which would be more sustainable. Currently Vice-President of the EIB in charge of FEMIP, the "Facility for Euro-Mediterranean Investment and Partnership" which could become the bank for the Mediterranean being spun, Philippe de Fontaine Vive explains that this "would allow the South the Mediterranean to become co-owners of their development by becoming shareholders of the subsidiary, which together would give more resources, more capacity intervention ".
But as stated Mr de Fontaine Vive," it is a wish at this point. These are states that are shareholders of the EIB, which must decide if it's something that suits them. This discussion with shareholders has not yet taken place today, but I'm sure the events that take place in Tunisia, Egypt and other Arab countries have a decisive influence. The Italian Minister of Foreign Affairs has also called for a genuine Marshall Plan, of which this institution could be one of the elements. Now it is the political will to express themselves. "
A European financial institution dedicated to the Mediterranean?
The European Investment Bank (EIB) was on the agenda of the plenary session of the European Parliament in February, as MEPs were asked to comment on the revision of its external mandate. On this occasion, and in light of recent events in Tunisia and Egypt, partner countries of the European Union, they argued for greater use of EIB loans in support of democratization movements in South Mediterranean.
In this perspective, and at the initiative of the Socialist Group, the European Parliament has approved an additional budget of 1 billion euros of lending to this region. For the French Vincent Peillon (S & D), Rapporteur in the Committee on Foreign Affairs on this issue and responsible for monitoring the Union for the Mediterranean, "is an encouraging first step. This money should go to priority projects rapid and visible impact the lives of people, in this context, support to micro-credit must be a prime field of action. " But
MEP considers that the EU can go further by creating a European Bank for Mediterranean co-development and investment, which would be more sustainable. Currently Vice-President of the EIB in charge of FEMIP, the "Facility for Euro-Mediterranean Investment and Partnership" which could become the bank for the Mediterranean being spun, Philippe de Fontaine Vive explains that this "would allow the South the Mediterranean to become co-owners of their development by becoming shareholders of the subsidiary, which together would give more resources, more capacity intervention ".
But as stated Mr de Fontaine Vive," it is a wish at this point. These are states that are shareholders of the EIB, which must decide if it's something that suits them. This discussion with shareholders has not yet taken place today, but I'm sure the events that take place in Tunisia, Egypt and other Arab countries have a decisive influence. The Italian Minister of Foreign Affairs has also called for a genuine Marshall Plan, of which this institution could be one of the elements. Now it is the political will to express themselves. "
Concrete actions in 2011 implemented by the EIB
If this Bank for the Mediterranean is currently at the design stage, Philippe de Fontaine Vive explains however that, on the southern countries in democratic transition, the EIB has already "very concrete ideas on Tunisia since [she] helped Ms. Ashton has prepared his trip on February 12" last. "If we had the full support of the European Commission we could spend nearly 500 million loan to Tunisia last year to 800 million euros, nearly a billion 'said Catherine Ashton visit to Tunis ", he says in an interview with The whole of Europe.
It was to clearly identify priority projects in Tunisia as Vice-President of the EIB makes it 2 and 3 March. The priorities of the bank: to promote projects that enhance the growth and create jobs.
Regarding Libya, Philippe de Fontaine Vive said that Libya has until now never wanted to join Europe through a partnership agreement, which does not allow the Bank to intervene TODAY 'hui. However, he said that if the regime changes were in this sense, "we would be the first to want to participate in this new form of development economic and social situation in the Maghreb ".
On the future of the Union for the Mediterranean, which is seen by some as a possible instrument of democratic transition in the Arab world, Philippe de Fontaine Vive hope we "reinventing the Union for the Mediterranean" with the outgoing 'political whirlwind "in which she was taken after its launch for the redirect to" specific projects ".
Source: http://www.touteleurope. eu / index.php? id = 2778 & FORM = cmd & uid = 5093 & no_cache = 1
If this Bank for the Mediterranean is currently at the design stage, Philippe de Fontaine Vive explains however that, on the southern countries in democratic transition, the EIB has already "very concrete ideas on Tunisia since [she] helped Ms. Ashton has prepared his trip on February 12" last. "If we had the full support of the European Commission we could spend nearly 500 million loan to Tunisia last year to 800 million euros, nearly a billion 'said Catherine Ashton visit to Tunis ", he says in an interview with The whole of Europe.
It was to clearly identify priority projects in Tunisia as Vice-President of the EIB makes it 2 and 3 March. The priorities of the bank: to promote projects that enhance the growth and create jobs.
Regarding Libya, Philippe de Fontaine Vive said that Libya has until now never wanted to join Europe through a partnership agreement, which does not allow the Bank to intervene TODAY 'hui. However, he said that if the regime changes were in this sense, "we would be the first to want to participate in this new form of development economic and social situation in the Maghreb ".
On the future of the Union for the Mediterranean, which is seen by some as a possible instrument of democratic transition in the Arab world, Philippe de Fontaine Vive hope we "reinventing the Union for the Mediterranean" with the outgoing 'political whirlwind "in which she was taken after its launch for the redirect to" specific projects ".
Source: http://www.touteleurope. eu / index.php? id = 2778 & FORM = cmd & uid = 5093 & no_cache = 1
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