Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-03-Speech-3-185"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20000503.12.3-185"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, as draftsman of the opinion of the Committee on Budgets, I would like to draw attention to the economic effects this legal decision will have. The European Union is granting different forms of economic aid to different countries. Macro-financial aid is one of the most important, in addition to which equivalent forms of aid can be given in the form of European Investment Bank guarantees and Euratom loans. There is, however, a ceiling to this provision of loans, which has been determined in interinstitutional agreements. That is a maximum annual figure of EUR 200 million from the Guarantee Fund. This causes problems for possible new loans from the European Union, because this ceiling is inflexible. The present loan and guarantee decisions might lead to a situation where this ceiling is easily exceeded, if something unexpected happens. I would therefore think that, from the point of view of the Committee on Budgets, it is important that the Commission should make a multiannual assessment of likely future fund requirements, which would serve as a general guide. The aim should be that Parliament and the Council agree on priorities concerning the use of left-over margins, and that a procedure should be agreed in order to make any changes to these principles.
In the case of macro-financial aid, the Commission appears to have considerable faith in the ability of the international institutions – the IMF and the World Bank – to evaluate the economic situation in whatever countries are concerned. The role of these institutions is perhaps too important, and the Commission often automatically accepts conditions imposed by others on these loans. For this reason, I think that Mrs Matikainen-Kallström’s remarks and amendments are very important, as they take account of the fact that such areas as employment and social security should also be examined when determining how the money from loans should be spent."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples