Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-401-875"
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"en.20120510.69.4-401-875"2
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"The Arab Spring has raised huge expectations for democratic and economic growth for Southern Mediterranean countries. These two phenomena must go hand-in-hand, generating a virtuous cycle from which Europe can also benefit. The EU is therefore duty-bound to take this opportunity to promote the development of the affected countries. Economic and democratic growth in the EU’s neighbouring countries is beneficial not only to these countries, but also to all the Member States. By establishing trade relations with such countries, European businesses – and especially Italian businesses, for obvious geographical reasons – will have a chance to recover from the current economic situation, while problems related to migration would also be alleviated. Bearing this in mind, the role of the European Investment Bank (EIB) is essential, since it is responsible for promoting the growth of small and medium-sized enterprises in the area. Moreover, we also need to promote integration in the area so as to develop internal trade there, which is currently very limited. I therefore voted in favour of this report on the EU trade and investment strategy for the Southern Mediterranean."@en1
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