Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-179-000"

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"en.20120524.19.4-179-000"2
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"The EU has been providing macro-financial assistance (MFA) since 1990 to third countries facing short-term balance-of-payment problems. So far, over 20 countries have received assistance in the form of loans or grants totalling in excess of EUR 7 billion. However, the European Parliament recently asked for a specific framework regulation for MFA and the Commission responded to that request which, among other things, calls for the creation of an official legal instrument and a more effective and rational decision-making procedure in this sector. However, the Commission proposal has a number of omissions and confuses certain actions, for example by allowing the IMF to be involved in such actions to the point at which it basically demotes the EU to a supplementary role. This report highlights these points, which is why I voted in favour of it."@en1

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