Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-399-000"
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"en.20110914.27.3-399-000"2
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"In recent years, many businesses have been encouraged to invest in Libya. The serious instability and the political and institutional crisis that has affected several countries in North Africa, especially Egypt, Libya and Tunisia, have forced many European businesses to abandon Libya, leaving behind moneys owed to them, equipment, and so on. Council Regulation (EU) No 204/2011 of 2 March 2011 concerning restrictive measures in view of the situation in Libya, establishes that funds may only be used for humanitarian purposes and not to pay monies owed or damages suffered by businesses/companies that had been operating in Libya. As a result many European enterprises, particularly small and medium-sized enterprises, are struggling to collect monies owed for the provision of goods and services in Libya. While on the one hand Europe must guarantee support to the Libyan people and contribute to the country’s reconstruction, on the other I believe that it must ensure that European companies do not suffer serious, irreversible damage due to a loss of liquidity resulting from uncollected moneys, and therefore it must guarantee their survival."@en1
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