Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-01-16-Speech-4-074"
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"en.20030116.3.4-074"2
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"I have voted for this report, because I agree in particular with the views it expresses on the ‘positive effect’ that the EBRD’s activity has had on the economies of the countries of Central and Eastern Europe. These economies are extremely weak and lack the mechanisms, habits and culture of the market and of competition. In fact, the widespread opening up to capital and the institutions’ acceptance of private initiative as a dynamic source of development have had some perverse and worrying effects – which the rapporteur details: a government of kleptocrats and the impoverishment of the population – which must be countered. I therefore agree with the suggested response, which is to develop the entrepreneurial fabric of these countries, especially by promoting mechanisms for granting industrial and commercial credit to small and medium–sized enterprises and microcredit for which, as we are shown, there is enormous demand and which enjoys a very high level of return flows. In general, I would underline the emphasis that has been put on aims for social cohesion, stability policy, job creation and for effectively improving people’s living standards. Indeed, despite being a banking institution, the EBRD has some unique characteristics, being bound to fulfil a mandate that goes far beyond merely managing money or making a profit. The EBRD must continue to function as an institution that shares the spirit of solidarity and cohesion that are a collective aim of the European Union."@en1
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"- Hugues Martin report (A5-0448/2002 ) A5-0448/2002"1
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