Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-174-500"
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"en.20120524.19.4-174-500"2
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MFA (macro-financial assistance) requires some revisions at a legal and regulatory level in order to continue carrying out its unique mission, that of supporting third countries, in the most effective and tangible way. MFA should be – and the report moves in that direction – an instrument that is not additional to the work already done by the International Monetary Fund for third countries, but an added value securing the cooperation of European financial institutions such as the European Investment Bank (EIB) and the European Financial Stability Facility (EFSF). Moreover, assessment of MFA needs to be contingent and take carefully into account the bureaucratic and operational variables that individual Member States put into place, which sometimes cause delays in the use of these funds, thus negating the effects and reducing the effectiveness of MFA."@en1
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