Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-179-968"
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"en.20111013.19.4-179-968"2
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"I voted for this report which encourages European Union support for programmes that promote the development of natural resources, the fight against global warming and against poverty.
This report is in favour of EU guarantees to the European Investment Bank against losses for projects carried out in third countries.
The EIB is one of the primary means of EU intervention in the countries of the South: EUR 9 billion in loans, 12% of total loans in 2010. The proposed measures therefore increase the legitimacy of EU investments in development aid. This is not a luxury in these times of financial crisis. Investments in the countries of the South cannot suffer due to European governments’ negligence in dealing with the crisis.
These policies seem to be along the right lines, albeit still falling far short of what could be done in this field."@en1
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