Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-410-500"

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"en.20120510.69.4-410-500"2
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"The collapse of a series of autocratic governments in North Africa during the Arab Spring radically changes the outlook for the EU’s trade and investment with our neighbours across the Mediterranean, and underlines the need for a revised strategy. In particular, I support the report’s references to the role of the European Bank for Reconstruction and Development. The Arab Spring countries do not share the desire of the former Eastern bloc to become EU members, but they do demand political and economic reforms which the EU and the EBRD can help them with. While it is important that this Parliament and the Council of Ministers ratify the amendments to the EBRD agreement so that the bank can become fully operational in the region and increase the funding available for EBRD investment, one should not sideline the long-term request of the countries bordering the north and south for a Mediterranean Investment Bank which would be owned and managed by them. This is important both for ourselves and North African countries. There are thousands of small businesses in the south Mediterranean who are crying out for access to investment tailored to their specific needs."@en1
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