Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-225-000"
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"en.20110704.28.1-225-000"2
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"Mr President, EU budget support for developing countries is exceptionally important. We should examine the negative as well as the positive effects of such support. Without doubt, it has a direct effect on the development of economic potential. Nevertheless, we must not forget the possible risks involved with budget support. These could include difficulties in monitoring countries outside the EU and possible irregularities involved in distributing and utilising the funds.
However, I do believe that this support is very important and should be continued. This is also in the indirect interests of the European Union. It results in much more rapid economic growth in those countries we support and so contributes to improvements in their economic situation, which through trade also has a positive effect on Member States and their markets. The allocated funding facilitates the stabilisation of internal situations in trouble spots and a significant reduction in poverty indicators. This aid is important. However, we must try to introduce controls for EU funding and monitor it more efficiently so that it truly supports the building of economies, and is not earmarked for undesirable aims."@en1
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