Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-190-968"
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"en.20111013.19.4-190-968"2
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"The European Bank for Reconstruction and Development (EBRD) was created in 1990 with the aim of supporting the development of market economies from Europe to Central Asia. At present, the EBRD’s capital stock is held by the EU, the European Investment Bank and 61 countries. On 14 and 15 May 2010, the Board of Governors of the EBRD decided to adopt two resolutions on increasing its capital by 50%, from EUR 20 billion to EUR 30 billion. A total of 100 000 shares will be issued, in proportion to the existing shareholdings of the EBRD’s members, with the EU being issued 3 031 new shares and each share having a par value of EUR 1 000. I voted for this report because the EBRD will be able to increase its activities in its countries of operation, to ensure support for new markets, to encourage greater cooperation with other European financial institutions, and to implement the best prudential banking practices. I would also stress the importance of adopting mechanisms for monitoring the European banking system, of achieving the Union’s foreign policy objectives, and of it being possible for the EU to keep the same number of votes in the EBRD."@en1
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