Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-18-Speech-4-144"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-05-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20000518.4.4-144"2
lpv:hasSubsequent	lp_eu:2000-05-18-Speech-4-1452
lpv:speaker	lp:Luisa Morgantini2
lpv:spokenAs	member; Conference of Delegation Chairs (1999-07-22--2002-01-14)3 unknown; Partito della rifondazione comunista (1999-07-20--2004-04-28)3 substitute; Committee on Women's Rights and Equal Opportunities (1999-07-21--2002-01-14)3 substitute; Committee on Development and Cooperation (1999-07-21--2002-01-14)3 member; Committee on Industry, External Trade, Research and Energy (1999-07-21--2002-01-14)3 chair; Delegation for relations with the Palestinian Legislative Council (1999-07-22--2002-01-14)3 member; EUL/NGL (1999-07-20--2004-07-19)3
lpv:translated text	"I abstained from the vote on the joint resolution on poor countries’ debt because I feel that it is wishy-washy and ambiguous in the face of the financial mechanisms known to us all which plunge the greater part of humanity into the most abject poverty. Today, even the multilateral organisations such as the World Bank and the IMF are talking of reducing the debt, for the mechanisms stifling the economies no longer make sense, even from a neoliberal perspective. At the June 1999 G7 Summit, the United States, the United Kingdom and other countries talked of reducing the poor countries’ debt to 90%. If we look closely at these proposals, we see that they would not really be a solution, for if these measures were to be applied, they would only affect 8% or, at most, 10% of the debt of the 41 countries involved, which is, at the outside, 1% of the total Third World debt. But these same measures are given minimal application, which has tragic consequences for the indebted countries, but which benefits the creditors themselves in terms of export loans, financial bodies and multinationals, for example. First of all, we must acknowledge that the Third World debt is illegal. Therefore, the European Union should promote an international, bilateral and multilateral action cancelling the Third World debt with no conditions attached. The Member States must cancel the debts of the poor countries in practical terms and urge the international bodies which represent them to take similar steps. We must ensure that the cancellation of debts is not conditional upon cooperation, as is often the case, or linked to any sort of structural adjustment measure. We have to influence the financial mechanisms which caused this debt and the structural adjustment policies which continue to contribute to it, spreading poverty throughout these countries."@en1

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