Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-18-Speech-4-176"
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"en.20081218.33.4-176"2
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".
The EU has decided to create a ‘new facility for rapid response to soaring food prices in developing countries (the “Food Facility”)’, and has approved a total amount of EUR 1 billion over three years.
Initially it was proposed to finance the ‘Food Facility’ from the margin of heading 2 (Agriculture) of the Multiannual Financial Framework (MFF) and then through the revision of the ceiling of heading 4 (External Actions) of the MFF. However, it was finally decided that it would be financed through the Flexibility Instrument, the Emergency Aid Reserve and redeployment within heading 4 from the Instrument for Stability.
To finance this initiative, the Interinstitutional Agreement is to be modified in order to increase the funds available in the Emergency Aid Reserve for 2008 to EUR 479 218 000 (in current prices).
While we regard the stated objectives of this initiative as positive, we would repeat that it should not be reduced to a mere balancing item or condition allowing the EU to impose an agreement within the World Trade Organization or Economic Partnership Agreements with the African, Caribbean and Pacific Group of States. It should also not be used to conceal the reduction in EU development aid or the huge sums made available to relaunch the arms race and militarise international relations, as promoted by the EU."@en1
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