Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-306"
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"en.20100324.21.3-306"2
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"Mr President, Commissioner, the financial and economic crisis is producing the bitterest, severest effects on emerging and developing countries, especially on the lower income ones. This crisis has slowed down the sustained growth that has been occurring in many of these countries over the last decade: economic growth that was creating jobs, helping to straighten out their public accounts, making it possible to bring down their foreign debt, encouraging the expansion of their business activity and, in addition, helping them to obtain more official development aid.
These countries had already been suffering in the years prior to the crisis, however: firstly, the food crisis, which endangered the survival of hundreds of millions of people; then, the energy crisis, which used up many of the resources of those that did not produce oil or gas; finally, the climate crisis, the effects of which on harvests and infrastructure harm the poorest countries most of all.
The financial crisis added to this fragile situation in which these countries found themselves. As the European Commission itself points out, having affected the developing countries and emerging countries, the third wave of the financial crisis damaged the poorest countries, turning this crisis, in theory an economic one, into a development, social and humanitarian crisis.
In fact, all areas of activity in these countries have been damaged. Economic growth, which will be much lower in 2009 than in previous years, has been damaged. Trade has decreased, which will weaken these countries’ current account balances. There is less foreign investment and little access by these countries to international funding, and we are seeing a growing protectionist reaction from the developed countries.
At the same time, emigrant remittances have fallen and Official Development Assistance has also been reduced. As a result, hundreds of millions of people have been added to the list of the poorest and hundreds of thousands of children will die at an earlier age on continents such as Africa.
In the face of this reality, the European voice must make itself heard by requiring us to uphold the Official Development Assistance undertakings made; by requiring new sources of additional resources to help these countries; by requiring charges and taxes on emigrants to be lightened; by requiring that attempts at protectionism should be resisted and support for a Doha Development Round to be held; by requiring action against tax havens and tax evasion; and also by working for a debt moratorium or debt cancellation for the poorest countries.
As rapporteur for this report, I wanted to obtain the greatest possible consensus and I agreed, in negotiation, to amendments by all the parliamentary groups, but I am still willing to submit an oral amendment to Section 34 of this report tomorrow, with the aim of adding further votes. This would be further authority for something I believe to be vital: that the European voice should be united and strong as regards aid to developing countries."@en1
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