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EU equity and debt platforms

European Committee B in respect of European Union Document No. 16301/11, relating to a Commission Communication: A framework for the next generation of innovative financial instruments-the EU equity and debt platforms. Resolved that the Committee takes note of European Union Document No. 16301/11, relating to a Commission Communication: A framework for the next generation of innovative financial instruments-the EU equity and debt platforms; notes that the Commission’s proposals increase resources available to the EU; agrees that the maximum acceptable expenditure increase through the next Financial Perspective is a real-terms freeze in payments; and supports the view that Innovative Financial Instruments in the next Financial Perspective, 2014–2020, should only be used to deliver a smaller EU Budget and not to supplement existing funding.