Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-11-Speech-4-143"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100211.12.4-143"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
In some situations, microfinance can help people establish enterprises and so find a way out of a crisis. Nevertheless, my group and I have today voted against EUR 60 million being diverted into microfinance from the Progress programme. In its regulation, the European Social Fund (ESF) offers the option of paying out microfinance. Its total appropriations for the 2007-2013 period are EUR 76 billion, and one significant share of that amount has been allocated to microfinance. ESF funding also makes it possible for microfinance to be offered in combination with other measures. Instead of these options being made full use of, however, a new microfinance instrument is now being set up, one with a high level of red-tape expenditure and a vanishingly small budget. To make things worse, the plan is that this new instrument will be funded from the smallest EU programme, the European poverty programme Progress (with total appropriations of EUR 743 million). The impression that new funds would be provided for this programme, as suggested by its advocates, is false: in reality, funds are being diverted from support programmes for socially disadvantaged groups.
We Greens will not accept such sleight of hand, because money is being siphoned off from the poorest in order to set up a new loan instrument. What we need is not a headline-grabbing new instrument funded from the poverty programme, but the courage to provide a specific EU budget for this purpose."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples