Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-270-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-04-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20110405.13.2-270-500"2
lpv:hasSubsequent	lp_eu:2011-04-05-Speech-2-272-0002
lpv:speaker	lp:Aldo Patriciello2
lpv:spokenAs	member; CONT (2009-07-16--2012-01-18)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; REGI (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-05)3 member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3
lpv:translated text	". Export credit agencies (ECAs) represent the world’s largest source of official financing for private-sector projects. However, they can also create a massive distortion of trade if their financing operations are not disciplined by common rules. Therefore we should go ahead with a revision to the Organisation for Economic Cooperation and Development (OECD) agreement (the Arrangement on officially supported export credits) so that we can monitor more carefully the functioning of the European ECAs so as to ensure that their decisions are coherent with EU policies and objectives. We also need to clarify the obligation of transparency in risk calculations and on the disclosure of off-balance-sheet vehicles. In short, it is vital to establish a requirement for the EU Member States to report annually to the Commission on the activities of their ECAs in this regard. In the light of the previous observations, and given that ECAs can be useful instruments to contribute to the Union’s external objectives (especially climate change and tpoverty alleviation), I am voting in favour of this resolution since I believe that export credits are an important instrument to support trade and investments of European companies."@en1

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