Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-181-250"
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"en.20111013.19.4-181-250"2
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"I voted in favour of this proposal because I believe that subscribing to additional shares following the increase in the capital of the European Bank for Reconstruction and Development (EBRD) is a necessary move in order to maintain the Bank’s rating. This increase also responds to the need to create a safety buffer in the event of a future negative development in the Bank’s investment portfolio. I believe it is important to support this policy given the central role that the institution plays in ensuring the stability of the financial sector and in providing a rapid response in economic crisis situations. Therefore, this operation calls for an assessment/rationalisation of the European investment banking system and for greater cooperation between banks belonging to the system itself. It is also important for the Governor of the EBRD to consider how this request fits in with other very important policies for the EU, such as the EU 2020 strategy and the EU’s Millennium Development Goals."@en1
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