Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-190-625"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20111013.19.4-190-625"2
lpv:hasSubsequent	lp_eu:2011-10-13-Speech-4-190-6872
lpv:speaker	lp:Rolandas Paksas2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2012-01-26)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; PETI (2009-07-16--2012-01-18)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this resolution because it is appropriate to permit the European Union to subscribe for additional callable shares in the European Bank for Reconstruction and Development (EBRD), in proportion with the Union’s current capital share. Attention should be drawn to the fact that EU participation in the EBRD’s capital is an efficient means of contributing to the implementation of EU objectives, of helping to mitigate the impact of the crisis in the EBRD’s countries of operation, and of sustaining a high level of activity by the EBRD. It should be noted that this operation will not have an immediate direct effect on the EU budget because the aim is to generate the new paid-in capital by transforming accumulated distributable reserves into share capital. In addition, this capital subscription would not require any actual cash payments from the EU budget unless there should be very serious and unforeseen losses. I believe that there is no reason to doubt the bank’s financial sustainability because the EBRD has significant experience of successful operations, pursues a responsible lending policy, and retains good financial ratios."@en1

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