Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-321-000"
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"en.20120613.24.3-321-000"2
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"I voted in favour of this proposal, which aims to extend the activities of the European Bank for Reconstruction and Development (EBRD) to some Mediterranean countries. The EBRD was originally created to aid the development and conversion of Eastern European countries which were leaving behind decades of the socialist economic model. It has to be said that it did quite well in this area, achieving satisfying results. Over the years, the scope of the EBRD’s activities has expanded quite significantly, covering many central Asian countries, right up to Mongolia.
It therefore seems more than sensible for the EBRD to be able to work in a number of countries much closer to home, where support could result in development and, meanwhile, act as a brake on future waves of migration. Of course, action needs to be accompanied by specific guarantees of transparency and of respect for well-defined rules, which are essential, particularly in this area, which is yet to be fully stabilised.
Lastly, the EBRD’s capital will not increase, with funds instead being reallocated from other areas that are much further from Europe and from our interests. That was a non-negotiable condition of our support of this initiative."@en1
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