Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-273-000"

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.20110405.13.2-273-000"2
lpv:hasSubsequent	lp_eu:2011-04-05-Speech-2-274-0002
lpv:speaker	lp:Licia Ronzulli2
lpv:spokenAs	member; EMPL (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2009-09-16--2014-06-30)3 substitute; ENVI (2009-09-29--2011-06-26)3 substitute; DROI (2009-07-16--2012-01-18)3 vice-chair; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-17--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-05)3
lpv:translated text	"Most industrialised countries have an export credit agency. These agencies collectively account for the world’s largest source of official financing for private-sector projects. Export credit agencies’ underwriting of large industrial and infrastructure projects in developing countries tops several times the combined annual funding of all Multilateral Development Banks. The agencies facilitate legitimate trade where the private capital market fails. They have a much higher risk-absorbing capacity than private actors, since they do not have to pay taxes and make a profit, and hence have more leeway than private banks to break even, even on an extended credit. However, for the same reason, they are also potentially a massive distortion of trade, if their financing operations are not disciplined by common rules. I voted in favour of this report because export credits should be subjected to repayment requirements within a certain time limit and that a minimum premium rate should be charged to cover the risk of non-payment."@en1

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