Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-189-000"

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"en.20111013.19.4-189-000"2
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"We support this proposal for a decision intended to permit the European Union to subscribe for additional callable shares in the European Bank for Reconstruction and Development (EBRD) in the framework of the capital increase decided by the EBRD Board of Governors on 14-15 May 2010. The decision will authorise the Governor of the EBRD to deposit the requisite instrument of subscription. In fact, 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 157.5 million to EUR 187.81 million, and the callable part from EUR 442.5 million to EUR 712.63 million."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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