Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-269-000"
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"en.20110405.13.2-269-000"2
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"I voted for this report. I view export credits as an important instrument for supporting EU enterprises. In light of the increased demand for officially supported export credits, it is of the utmost importance that the newest OECD regulation of this instrument is introduced in Member States as soon as possible. Support for medium- and long-term export credits is a powerful tool which is not yet fully exploited in all Member States and needs to be encouraged. Export credits can help to create jobs by securing financing for projects which otherwise would have more restricted access to capital due to their non-market character. I agree with the rapporteur, who notes that any new legislation in this field must avoid the creation of any new red tape or bureaucracy which would add to already existing costs. European-level supervision of export credits should be introduced as an exception when a distortion of competition within the internal market occurs. The principle of subsidiarity must be upheld."@en1
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