Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-396-375"
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"en.20110913.34.2-396-375"2
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"I voted in favour of this resolution because, in order to mitigate the impact of the current economic and financial crisis, credit systems must operate transparently, and moreover, it is necessary to limit market distortion and ensure a level playing field for all market participants. We also have to make every effort to guarantee the implementation of an effective control mechanism which would ensure that companies’ operations are financially sound, thus creating a favourable environment for public support of export credit agencies (ECAs). It should be noted that the role played by ECAs is crucial for developing world trade. Furthermore, these ECAs have become the largest source of official financing for developing countries. By supporting exports and investment, they give companies more opportunities to take advantage of credit services guaranteed by the private sector and to supplement funds and insurance guaranteed by the private sector. They also bring opportunities to create more jobs. Therefore, taking into account the importance of these agencies, we must ensure that they operate transparently and that we prevent bribery and corruption."@en1
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