Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-01-16-Speech-4-070"
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"en.20030116.3.4-070"2
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"Founded after the fall of the Berlin Wall, the EBRD aims to give financial support to the penetration of Western capital into Central and Eastern Europe, as well as into the CIS, or former USSR. The rapporteur does nothing whatsoever to call into question either its actions or the market context in which these are carried on, even if he would like the EBRD to be more concerned about employment and the consequences of its activities for the economy and the populations concerned. The quest for profit – most particularly by the multinationals which, as the rapporteur points out, are the subjects of the EBRD’s attentions – is, however, at odds with the fate, or the well–being, of a country’s population.
The fact that, in Russia, the EBRD invests its capital where banks and private companies do not venture and that – as a result of having, like many local and international speculators, taken its chances in the financial lottery that has done even more to ruin this country – it has occasionally suffered heavy losses, would leave us cold, were it not for the fact that such activities conceal an appalling catalogue of theft from the people of Eastern Europe.
Attempts may be made to disguise its real role, but the EBRD is an imperialist tool for robbing the peoples of Eastern Europe. We have therefore rejected this report."@en1
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