Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-181-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20111013.19.4-181-500"2
lpv:hasSubsequent	lp_eu:2011-10-13-Speech-4-182-0002
lpv:speaker	lp:Corina Crețu2
lpv:spokenAs	substitute; Delegation for relations with Israel (2009-09-16--2014-06-30)3 unknown; Partidul Social Democrat (2009-07-14--2014-06-30)3 member; S&D (2009-07-14--2012-06-06)3 vice-chair; DEVE (2009-07-20--2012-01-18)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 substitute; EMPL (2009-07-16--2012-01-18)3
lpv:translated text	"With regard to the subscription for additional callable shares in the European Bank for Reconstruction and Development (EBRD), in proportion with the EU’s current share, I think that increasing the capital will boost the institution’s activities in its countries of operation. In light of the financial crisis, it will increase the bank’s opportunities for granting the necessary assistance to those countries’ economies at a time of restricted capital availability. In this respect, I welcome the fact that the EBRD approved loans to Romania amounting to EUR 799 million for the 2009-2010 period. The European Bank for Reconstruction and Development and European Investment Bank are financed by the European Union, which entails the risk of their activities overlapping. I believe that the EU needs to exert tighter control over this, both so that it can verify the route taken by the loans granted and combat tax evasion, especially in view of the possible movement of EBRD funds via tax havens and the illegal use of the principle of banking secrecy."@en1

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