Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-11-14-Speech-2-063"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20001114.3.2-063"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, I would like to congratulate the rapporteur, Mr Seppänen, on his report, which is so useful in the general context of the debate on Turkey’s accession to the Union. Here we are talking about establishing a special programme to consolidate the Customs Union, extending the mandate of the European Investment Bank so that it can cover new loans to Turkey in the 2000-2004 period amounting to EUR 450 million.
The report was unanimously adopted by the Committee on Budgets. Given that this special programme of EUR 450 million, of which the European Union is guaranteeing 65%, specifies that at a provisioning rate of 9 % only EUR 26 million will have to be transferred from the reserve to the Guarantee Fund, there will only be a budgetary impact in the event of a default, because in that case the guarantee would have to be called in.
With these loans from the European Investment Bank we are supporting investment in Turkish industry and in its infrastructures in terms of transport, energy and telecommunications. All this is in order to increase Turkey’s competitiveness within the Customs Union and thus reduce the negative impact that the dismantling of trade barriers is having on the Turkish economy.
The fundamental issue regarding Turkey is not, therefore, considered in the Committee on Budgets, and this must be very clear. The fundamental issue of Turkey’s accession continues to be a political issue and it is the responsibility of other parliamentary committees. Customs Union and the loans from the European Investment Bank have been operating with Turkey for many years. The aim now is to give the boost that is needed towards future accession. I repeat that the only serious problems that we could have would occur if the macro-financial aid promised reached the maximum amount established, as in this hypothesis the residual reserve for guarantees would be reduced to practically zero for 2001 and 2002. Let us remember that it is in the interests of the European Union to fund nuclear safety projects in third countries in the framework of Euratom. A zero level of residual reserve could lead to definite problems in funding those investments.
The general situation that the report sets out is part of a situation of Parliament/Council negotiation for the 2001 budget, in which the European Parliament wishes to extend its rights to information and consultation in the case of external commitments by the Union that have a financial impact. This is the position that the Group of the Europe People’s Party (Christian Democrats) and European Democrats advocates and that Parliament adopted at first reading. Let us hope that it leads to tripartite dialogue and conciliation."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples