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 subsidiary of European Investment Bank. So he will travel the 2 and 3 March in Tunis to meet new contacts in Tunisia of the EIB, the Vice-President Philippe de Fontaine Vive, in charge of FEMIP, which could become the bank, returns on the project, this can do now for these countries of Europe, 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 outside its 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 primarily to projects visible and rapid effects on 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 permit the South of the Mediterranean to become co-owners of their development by becoming shareholders of the subsidiary, which together would give more resources, more capabilities intervention ".
But as stated Mr de Fontaine Vive, "it is a wish at this stage. It is the States, who are shareholders of the EIB, which must decide if it's something that suits them. This debate 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, on the South 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 le soutien complet de la Commission européenne nous pourrions passer de près de 500 millions d'euros de prêts en Tunisie l'an dernier à plus de 800 millions d'euros, 'près d'un milliard' a dit Catherine Ashton en visite à Tunis", précise-t-il dans une interview accordée à Toute l'Europe.
En ce qui concerne la Libye, Philippe de Fontaine Vive rappelle que la Libye n'a jusqu'alors jamais voulu s'associer à l'Europe via un accord de partenariat, ce qui ne permet pas à la BEI d'y intervenir aujourd'hui. Cependant, il précise que si les évolutions du régime allaient dans ce sens, "nous serions les premiers à vouloir participer à cette nouvelle forme economic and social development across 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 wishes that "reinvents the Union for the Mediterranean" with the outgoing 'political whirlwind "in which she was taken after its launch to refocus on" specific projects ".
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