Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-180-000"
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"en.20120524.19.4-180-000"2
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"− Abstention. The EU’s macro-financial assistance (MFA) was launched in 1990 to grant financial assistance to third countries experiencing short-term balance of payments difficulties. A total of 55 MFA decisions benefiting 23 countries have so far been approved, amounting to EUR 7.2 billion, in the form of grants or loans, or a combination of the two. In recent years INTA has been involved in granting MFA first under the consultation procedure and, since the Lisbon Treaty, as colegislator. Under the Treaty of Lisbon, the appropriate legal bases for decisions granting MFA are Articles 209(1) and 212(2) TFEU, depending on whether the beneficiary country is a developing country or not. In both cases, OLP applies. Given the diminishing importance of the MFA instrument, we regard any attempt to establish own EU conditionalities for MFA in the EU Neighbourhood and monitor their implementation as an administrative task of for the EU which is out of proportion to the real amounts involved in MFA operations and adding considerable burdens also for the administrations of the receiving countries."@en1
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