Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-271-500"
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"en.20110405.13.2-271-500"2
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"I voted in favour of this report, as I agree with the rapporteur that export credit constitutes a powerful instrument for supporting EU companies. Given the growing number of applications for export credit with official support, it is increasingly important that the most recent Organisation for Economic Cooperation and Development (OECD) Agreement on this instrument be introduced by Member States as quickly as possible. Medium- and long-term export credit is a valuable instrument which is not yet fully exploited in all Member States and needs to be encouraged, especially in a weakened economy like that of Portugal. Export credit certainly acts as an engine for job creation, by securing financing for projects which otherwise would have more restricted access to capital. Any legislation in this field must avoid the creation of any and all new administrative bureaucracy, which could add to already existing costs. European-level supervision of export credits should only be introduced as an exception when some distortion of competition within the Internal Market could occur. The principle of subsidiarity must be scrupulously upheld in this area."@en1
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