Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-187-625"

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	"lt"^^xsd:language2
lpv:document identification number	"en.20111013.19.4-187-625"2
lpv:hasSubsequent	lp_eu:2011-10-13-Speech-4-187-7502
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document because the objective of the proposed legislation is to permit the European Union to subscribe for additional callable shares in the European Bank for Reconstruction and Development EBRD), in proportion with the Union’s current capital share (3.031%). In May 2010, the Board of Governors of the EBRD decided to increase the capital of the bank by 50% from EUR 20 billion to EUR 30 billion with a view to responding to the financial crisis and to enhancing its efforts in support of its countries of operation. The capital increase assumes EUR 1 billion new paid-in capital and EUR 9 billion new callable capital. The proposal is to generate the new paid-in capital by transforming accumulated distributable reserves into share capital. Hence, the operation will have no immediate direct effect on the EU budget. The risk stems from the potential need to call up additional capital in the unlikely case of a considerable negative development with the bank’s investment portfolio. After the operation, the EU will continue to hold a 3.031% share in the EBRD, with the paid-in part rising from EUR 157.50 million to EUR 187.81 million, and the callable part from EUR 442.5 million to EUR 712.63 million."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph