Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-09-Speech-4-159"
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"en.20050609.28.4-159"2
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".
Mr President, the current situation of tension and chaos in Bolivia was, I fear, to be expected.
We have been aware for some time that broad sectors of civil society, in particular the indigenous people, peasants, workers and the unemployed, have been marginalised from the country's political and economic life. But we in Europe cannot act as if what is happening there had nothing to do with us. Twenty-six of the recently privatised companies are in foreign hands, many of them European, but that has not helped to resolve the crisis and has not given the population greater access to gas and water.
The problem is that we in the European Union are constantly supporting privatisation processes in Latin America within international bodies, without any guarantees that the minimum principles of corporate social responsibility will be complied with.
So what happens? Companies receive credits, they invest, they want to make money, but when there are mobilisations by local groups that have been excluded or due to price rises resulting from privatisation, the European companies then decide to leave and furthermore demand compensation for it, which aggravates the crisis even further.
For these reasons, if the European Union wants to retain a degree of credibility as a supporter of human rights in the world, it must investigate the actions of energy companies of European origin in Bolivia and in other places, and must be much more demanding in terms of compliance with the social responsibility rules by companies investing abroad."@en1
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