Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-31-Speech-3-109"
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"en.20040331.3.3-109"2
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".
This proposal for a regulation arose from the need to amend Regulation 2728/94/EC/Euratom establishing a guarantee fund for external actions, with a view to new Member States joining on 1 May and their ensuing new status. This guarantee fund covers guaranteed loans to third countries and guarantees for these loans.
The guarantee fund mechanism was originally established in conjunction with the financial perspective for the 1993-1999 period as a way of protecting the EU budget from the potential risk associated with the increasing number of external loans, and so the fund only covers risks for loans and guarantees to third countries.
In tandem with this proposal, the Commission submitted a general report on the workings of the guarantee fund, which concludes that the fund continued to meet its main objectives during the 1998-2002 period.
I have, therefore, voted in favour of this proposal which, as a technical budgetary instrument, pursues a policy with which I fully agree and which strives to ensure that the European Union must pursue firm external action, to support development and to promote the well-being of peoples and nations beyond Europe’s borders."@en1
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