Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-18-Speech-2-927"
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"en.20100518.28.2-927"2
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"The Ukrainian economy has been increasingly hit by the international financial crisis, with dramatically declining output, a deteriorating fiscal position and rising external financing needs. EU financial support reflects Ukraine’s strategic importance as a potential candidate country for joining the Union. I therefore voted in favour of giving Ukraine macro-financial assistance in the form of a loan facility with a maximum principal amount of EUR 500 million, with a view to supporting the country’s economic stabilisation and alleviating its balance of payments and budgetary needs, as identified in the current International Monetary Fund programme. I consider it important to help Ukraine return to minimum necessary socio-economic levels and enable the stabilisation of its public accounts, so creating prospects for growth and political confidence. I also agree that monitoring mechanisms should be ensured that increase clarity, transparency and accountability. The European Parliament should be given regular updates on the work of the Economic and Financial Committee."@en1
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