Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-17-Speech-3-150"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-05-17"^^xsd:date2
dcterms:Is Part Of	lp_eu:Poor countries’ debt2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20000517.9.3-150"2
lpv:hasSubsequent	lp_eu:2000-05-17-Speech-3-1512
lpv:speaker	lp:Joaquim Miranda2
lpv:spokenAs	substitute; Committee on Regional Policy, Transport and Tourism (1999-07-21--2002-01-14)3 member; Conference of Committee Chairs (1999-07-21--2002-01-14)3 unknown; Partido Comunista Português (1999-07-20--2004-01-31)3 chair; Committee on Development and Cooperation (1999-07-21--2002-01-14)3 member; Members from the European Parliament to the Joint Parliamentary Assembly of the Agreement between the African, Caribbean and Pacific States and the European Union (ACP-EU) (1999-09-14--2002-01-14)3 member_of_the_bureau; EUL/NGL (1999-10-13--2002-03-05)3
lpv:translated text	"Mr President, resolving the problem of the external debt of less developed countries is undoubtedly an essential factor in the stability, security and development of these countries, in eradicating poverty and in stemming the migratory flows that affect and weaken them. We are all aware of the situation. These countries’ resources – and even resources that they do not have – are used up to service their debts; for some of these countries, interest and capital repayments account for 40% of their budget. In spite of this, the debt continues to grow exponentially, and there is consequently an ever-widening gap between these countries and the industrialised countries, which often behave like unscrupulous moneylenders. The imposition of unsuitable structural adjustment programmes by the World Bank and the International Monetary Fund and inadequate cooperation and development aid actions by the industrialised countries, which fall considerably short of the 0.7% of GDP recommended by the United Nations, both contribute to this gap. There is an erroneous, trade-based concept that has also made matters worse. This concept suggests that, under the auspices of the WTO, the market can regulate and resolve everything, whereas the opposite is true: economic globalisation has greatly contributed to accentuating disparities, increasing injustice and holding back development. It is obvious that this situation must, therefore, be resolved by adopting a worldwide project and by a new world order that puts the development of these countries at the top of its priorities. This must be based on the idea that everyone, and I mean everyone, including the rich countries, will benefit from this development. A project of this kind can only succeed through debt relief, which cannot be reduced to a process that is merely full of good intentions, as recommended by the G7 countries, whose contribution represents no more than 1% of Third World debt and which is today limited in practice to partial debt relief for just three or four countries. The European Union and its Member States can, and must, speak up on this issue, abandoning their limited outlooks, which are full of conditions, which often accompany shamefaced announcements about debt cancellation, and end the aid cuts that have been taking place and which are proposed for the future. Instead, they must put forward a broad and resolute plan that will make a decisive contribution to ending a situation of this kind and help to put the development of such important parts of the world into perspective."@en1

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