Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-11-Speech-3-216"
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"en.20040211.7.3-216"2
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".
Yes, the first point I have to make is that the Member is obviously correct: economic progress very much depends on circumstances. As a lecturer for many years in one of our universities in Ireland, I said that economic progress is the most delicate of all flowers and has to be nurtured by a very specific eco-environment which is especially friendly to its own needs. Private investment in any troubled region is very obviously determined by the general climate.
The EU is, however, anxious to support the economic development in Kosovo. In UNMIK Pillar 4 – I hate acronyms, by the way – the EU is assisting the revitalisation of economic activity in Kosovo towards the creation of conditions of a modern, open-market economy. This is the point which is at the heart of the supplementary question. The aim must be to establish a sustainable private sector which can create employment because that is the only hope for the region. The aim is to provide a long-term perspective. The requirement would be to bring Kosovo's legislative and administrative framework closer to European standards. If European companies are going to invest, that is what they will require.
The European Agency for Reconstruction continues to finance and manage sustainable reconstruction and development programmes in Kosovo. Ultimately, the solution will have to be found on the ground in that state by creating the kind of conditions that the Member has in mind. The presidency urges the provisional institutions to engage constructively in that process.
The Standards for Kosovo document – agreed on 10 December 2003 – and the ongoing development of the implementation work can provide a clear framework with which the provisional institutions must comply, but they can also provide a framework in which the necessary confidence can be built up. The review mechanism announced on 5 November 2003 envisages that progress made by the provisional institutions towards meeting the benchmarks will be assessed during quarterly period reviews.
If there is compliance with all of this it will build the type of confidence that is necessary if a sustainable economic development is to take place. Sustainable economic development will only take place if and when the conditions for investment are adjudicated to be appropriate by private enterprise and by private investors."@en1
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