Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-01-16-Speech-4-016"
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"en.20030116.1.4-016"2
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"I think that today we can welcome the vision of those who established the EBRD, Jacques Attali (even though subsequently his management was called into question) and François Mitterrand. We can also welcome the political agreement of the French and German governments, which was crucial to completing the project. Now we have a great regional development bank and today we congratulate Mr Lemierre and the Bank’s staff. I am entirely in agreement with my colleague and friend Mr Markov, and will just raise some questions for the future.
First of all, should the original political objective not be renewed? For the CIS countries, this objective is still to promote transition to a market economy. However, in the case of the countries involved in enlargement, the transition is well underway and in some cases completed, and for them the objective is now catching up, development and cohesion, so that they can be fully integrated.
Secondly, the Bank does not operate as an ordinary commercial bank. It gives priority to SMEs, helps local banks, takes on responsibilities in terms of nuclear safety, takes risks, in short, it serves the public interest. Should these specific qualities not be consolidated at a time when the Union is working on a funding system focused on the internal market? Are there not risks of contradiction there? It is true that the Bank has a triple A rating, but that is linked to budgetary support, which we must guarantee. Are there not also problems in terms of achieving a balance between profit-making and loss-making projects? Finally, how can we consolidate the way that it complements public aid and the EIB?
Thirdly, does the EBRD not have a particular role to play in order to promote social responsibility among companies and market operators? Its principle of additional funding is very good and provides it with a lever with which to encourage public/private partnerships.
Fourthly, the EBRD can make a genuine contribution to establishing good governance of the public institutions of the countries concerned, in particular by seeking to involve civil society and the needs of the populations. Could it not begin to evaluate that experience by country and group of countries and put its ideas for the future to us?"@en1
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