Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-09-04-Speech-1-124"

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"Mr President, I shall be voting against the Dell'Alba report, and more generally against the ECIP and MEDA programmes, which were basically designed to finance subsidies and loans to private companies investing in Latin America, Asia, the Mediterranean and in South Africa. I protest at the fact that public money might be used – in any form at all – to generate private profit. This project, which is supposed to focus on SMEs in the first instance, in reality often involves subsidiaries of huge multinational companies, such as banks, which take part in these programmes and profit from them. The stated political aim of these programmes is to encourage the opening up of these countries’ markets to European capital. In the past, these poor countries were plundered and exploited by the capital of the great European powers in competition with one another. All that has changed is the fact that the programmes now advocate coordinated action for this capital. Capital that is invested through this programme is no more designed to develop poor countries now than it was in the past, since they are dependent on European capital. These programmes are not designed to make the lives of the working classes any easier, but to exploit a cheap workforce over there in order to increase the wealth of owners and shareholders over here. I therefore object to these programmes across the board, because in spite of a few hypocritical phrases about fighting poverty, they all seek to provide the imperialism of the great European powers with additional instruments for getting a foothold in poorer countries and then dominating them."@en1

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