Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-127"

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"en.20040420.7.2-127"2
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"The Commission is proposing a revision of the European Investment Bank's external lending mandate, under which loans are guaranteed from the EU budget, so as to take account of the new Neighbourhood Policy against the background of the enlarged European Union, as part of its proposals for the 2007-2013 policy and financial framework. If the overall ceiling for credits opened, equivalent to EUR 20 260, is taken into account, it will soon be seen that the report accompanying this legislative proposal does little to further the geopolitical considerations and objectives which it is supposed to be inspired by, and in particular the creation of a pan-European-Mediterranean free trade area, in which the European Union has great political, economic and military influence at regional level. The Neighbourhood Policy gives particular priority to Russia, for which the rapporteur proposes an increase of EUR 500 million in the provisional allocation, and to the Mediterranean shore countries. These loans would obviously serve the European Union's policy of regional influence, interest and interference – an objective that we reject. But more worrying still is the fact that this Neighbourhood Policy appears to be to the detriment of the European Union's cooperation and development policy, especially in relation to the ACP (Africa, Caribbean and Pacific) countries, Latin America and Asia."@en1

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