Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-460-000"
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"en.20110510.60.2-460-000"2
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"The European Parliament approved the Council decision to activate the Commission pledge of EU funds to Georgia. Prior to adopting the decision, the Commission assessed Georgia’s economic situation and the country’s financial prospects in 2010-2011, focusing on the balance of payments and budgetary needs. The Commission considers that the activation of the second part of the macro-financial assistance (MFA) pledged in 2008 is warranted. The new MFA would help Georgia to address the economic consequences of the conflict with Russia and the global crisis. The new MFA should support the economic reform agenda of the government and policy measures to strengthen public finance management (building on those of the previous operation and of the EU’s sectoral budgetary support operation). In addition, this assistance should help to foster economic and financial integration with the EU, in particular by exploiting the potential offered by the future Association Agreement, which aims at concluding a Deep and Comprehensive Free Trade Agreement between the two parties."@en1
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