Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-164-000"
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"en.20110217.18.4-164-000"2
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The decision of Parliament and of the Council intends to grant a European Union (EU) guarantee to the European Investment Bank (EIB) against losses under loans and guarantees for projects outside the EU. The objectives of these EIB projects, currently being carried out in a number of countries on different continents, focus on development cooperation and aid. Where these objectives and the projects that serve them relate to genuine cooperation, taking into account the interests, priorities and specific conditions of the countries where they are taking place, we value them, naturally. Nevertheless, whilst this financing for local development projects is positive, we cannot fail to be very critical of the attempt – clear in Article 1 – to make them subordinate to or conditional on the guiding principles of European external policy, ascribing secondary importance to the real development needs of third countries, limiting their capacity for administration and legitimate options, interfering with and pressuring their political decisions, and threatening their sovereignty and independence."@en1
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