Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-12-14-Speech-2-124"
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"en.20041214.8.2-124"2
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"The members of the June List have chosen to vote against the report because the Committee on Budgets’ proposed changes open the way to further EU commitments, without any requirement for coordination with other international financial institutions.
The June List is opposed to the Commission’s proposal and believes that the EIB should not issue the proposed loan guarantee. The June List recommends instead that those countries that are affected by loan guarantees and that benefit from these should themselves stand as guarantors of those loans or find other players in the free market to do so.
According to the June List, the proposal is not in the Community’s interest but is in danger of becoming an expensive failure if loan guarantees are given without being tested by the market in the usual way.
The June List would ideally have liked to have seen the Commission’s proposal too rejected in the vote but, ironically, finds the Commission’s original proposal less objectionable than the one presented by the Committee on Budgets."@en1
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