Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-399-000"
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"en.20120523.18.3-399-000"2
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"Mr President
generally damage the development of low-income countries and make the lives of their inhabitants more difficult. The situation in Guinea-Bissau is distinctive, however, since the coup was carried out just before the second round of presidential elections, and the ruling party’s candidate had won 49% of votes in the first round.
This coup has also had a very adverse effect on major sectors of the economy. The cashew nut trade, which accounts for 80% of Guinea-Bissau’s exports, has suffered the most. Harvesting of cashew nuts began in mid-April, i.e. precisely at the time of the coup. Growers are being offered such low prices that most of them are not yet selling and are instead waiting for market conditions to improve, while anyone who can is trying to reach Senegal in order to sell products there.
This is important because the cashew nut harvest governs the lives of thousands of families in Guinea-Bissau. As a result of the coup, many different institutions, from banks to various investments that are in progress, are not operating normally. Another distinctive feature is that members of the opposition parties are acting in the transitional government, with the approval of the army. In the view of many observers, this shows that there was collusion between the army and the opposition prior to the coup, making a return to democracy very difficult."@en1
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