Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-01-13-Speech-4-102"
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"en.20050113.8.4-102"2
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"I totally support this Joint Motion. Cancellation of 80% of Iraqi debt is certainly something to be welcomed. Having visited Iran with a delegation from this Parliament I am keenly aware on the dire needs of the population there. However the willingness of the Paris Club to act in this case begs the question whether debt relief decisions are being made on the basis of need or that of US political imperatives?
It is absolutely unacceptable in this day and age that the world continues to increase military expenditure and reduce expenditure on aid. This leaves us as far away as ever from the UN target of spending 0.7% of GNP on Overseas Development Aid, and not even in sight of achieving the UN Millennium Development Goals.
Lets put an end once and for all to our disgraceful record of broken promises and half-measures. Lets recognise that a debt moratorium for indebted countries will not do half enough to allow them rebuild their battered communities. Lets go for real debt relief, that is cancellation of their debts. That's the only way we can offer them real pain relief instead of simply deferring and dragging out their suffering!"@en1
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