Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-15-Speech-3-229"
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"en.20020515.9.3-229"2
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"I share Mrs Díez’s opinion about the disappointment created by the reality of the situation with regard to the ambition that we had set for ourselves.
As Mrs Díez knows very well, Spain, before holding the Presidency and then as holder of the Presidency, sought to achieve the creation of a Euro-Mediterranean bank and this aim consequently appeared in the conclusions of the Laeken European Council. This was no chance happening, since we were preparing the ground for the next ministerial meeting and for the Spanish Presidency itself and this desire was asserted once again at the Barcelona European Council, but in a much more low-key way. It is not that there was any less ambition, because the ambition remains the same and we are ensuring that it remains the same. It is simply that the process will be more difficult and certainly lengthier than was envisaged.
The reality of the situation is that these matters must be approved with the agreement of the competent Council, which is the Economic and Finance Council and various countries felt, for reasons of their own, that opening a bank at this time would be too risky. They opted first to create a facility, then to establish a subsidiary and then, with time, to see if the bank could be set up with contributions, not only from Europe, but also from our Mediterranean partner countries themselves, which are clearly very keen to contribute.
As I have said, I can only share Mrs Díez’s disappointment. I hope that we can continue to maintain our ambition and our objective. This will be a more difficult, perhaps more tortuous and perhaps a longer process, but our aim is still to create a Mediterranean Development Bank which will benefit the countries of the Mediterranean basin and, most importantly, which will finance all of the enormous development needs that are so obvious to us at the present time. These needs, furthermore, have the tragic effect of forcing the citizens of these countries to leave for Europe and this causes all the misfortunes that immigration entails and with which we are all familiar.
We therefore feel that this is an instrument that can contribute to the development of these countries and, consequently, by adopting this new method, we hope to achieve our stated objective of creating this bank."@en1
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