Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-04-Speech-4-205"
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"en.20020704.10.4-205"2
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". – The Commission regrets the acts of violence which occurred in the city of Buenos Aires.
The Commission agrees that the deep root of these acts lies in a monetary crisis, which transformed itself into a commercial and economic crisis (sharp fall in trade, investment and GDP), deteriorated into a social crisis (unemployment, poverty and social exclusion) and is ending in a crisis of confidence in the national institutions.
It is very complicated to analyse the reasons for the crisis in a resolution or discussion in Parliament, but on the other hand it is very easy to blame the international organisations.
The measures linked to the so-called "coralito", the peso/dollar parity introduced by law, and the resulting lack of any room for manoeuvre on monetary policy, among other examples, do not correspond to the IMF recommendations.
Now there is a need for reforms. The reforms that Argentina has to carry out are necessary not only to obtain help from the IMF, but more importantly to get the country moving again. What is needed is to win back citizens’ confidence in the democratic institutions, to win back the confidence of economic actors in the stability and credibility of law and order, and, in particular, to restore the credibility of the financial system.
The European Union and its Member States have already tried to help Argentina in the different international organisations, including the IMF and the last G8 Summit. The Commission, in particular, has a very firm idea of what to do. Something that would undoubtedly help Argentina is deeper integration of the Mercosur countries and the European Union is making an effort to accelerate its negotiations with Mercosur. To this end, Commissioners Lamy and Patten will hold a meeting with the Mercosur ministers on 23 July in Brasilia. The negotiations between Mercosur and the European Union will undoubtedly help promote internal cohesion in Mercosur that will in turn help Argentina.
In terms of traditional cooperation, the financial resources that we have at our disposal are disproportionately low compared to the problem we are debating. However, our country strategy paper has identified the fight against poverty and institutional support as the two main priorities."@en1
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