Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-319-000"
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"en.20120613.24.3-319-000"2
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"The European Bank for Reconstruction and Development (EBRD) was created to assist Eastern and Central European countries of the former Soviet Union in the transition to a market economy in the wake of the collapse of the communist regimes. In contrast to other international multilateral banks, which require the mediation of national governments, the EBRD can invest directly in shareholdings, merchant banking and venture capital. Extending the EBRD’s mandate to the Southern and Eastern Mediterranean is, without doubt, in line with the events in that area in late 2011, commonly known as the Arab Spring. The EU cannot withdraw its support for the difficult transition under way and must use its own financial instruments to promote economic and social growth among the populations concerned."@en1
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