Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-03-13-Speech-3-211-000"
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"en.20130313.23.3-211-000"2
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"Mr President, high youth unemployment in many post-Arab Spring countries is a social time bomb, according to President Van Rompuy speaking in January of this year. President Van Rompuy also stated that 50 million jobs would have to be created in the next two years for all the young people in the region about to enter what is now a severely depressed labour market.
The European Union is Egypt’s main source for foreign investment and development cooperation. Recently, the EU and its associated financial institutions offered a total in excess of EUR 5 billion to Egypt in grants, concessional loans and loans for the period 2012-2013. Despite the assistance we are providing, there are constant reports of political and constitutional problems. Parliamentary elections to the House of Representatives are scheduled to take place in April, and we need to ensure that these take place in a democratic and transparent fashion.
We need to invest in Egypt’s success for selfish and selfless reasons. I commend the High Representative and her staff for the work done to date. A stable region and a stable Egypt is crucial to our goals in that part of the world. The EU is well respected in this region and has a very important role to play in building international stability and interdependence. Interdependence is both the strength and the objective of the whole European project. This is a country that requires close contact and support so that democratic norms can take root."@en1
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