Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-458-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-05-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110510.60.2-458-750"2
lpv:hasSubsequent	lp_eu:2011-05-10-Speech-2-459-0002
lpv:speaker	lp:Zigmantas Balčytis2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; CONT (2009-07-16--2012-01-18)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; TRAN (2009-07-16--2012-01-18)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3
lpv:translated text	"I voted in favour of this report. The European Commission pledged up to EUR 500 million of assistance to Georgia at the October 2008 International Donors’ Conference. The sources of the funding include both programmed funds under the envelope of the European Neighbourhood and Partnership Instrument (ENPI) and crisis instruments, such as the Instrument for Stability, Humanitarian Aid and Macro-Financial Assistance. The Georgian economy is beginning to recover following the double shock caused by the military conflict with Russia of August 2008 and the global financial crisis. However, the balance of payments and budgetary position remain weak and vulnerable due to the blockade of most direct trade with Russia and marked reduction in foreign direct investment (FDI) inflows. I endorse the allocation of EUR 46 million in financial assistance to Georgia, which will help reduce the short-term financial vulnerability still faced by the economy, while supporting reform measures aimed at achieving a more sustainable balance of payments and a more stable budgetary situation."@en1

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