Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-171-875"
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"en.20120524.19.4-171-875"2
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I voted in favour of this report. Macro-financial assistance (MFA) was launched in 1990 to grant financial assistance to third countries experiencing short-term balance of payments difficulties. A total of 55 MFA decisions benefiting 23 countries have so far been approved, amounting to EUR 7.2 billion, in the form of grants or loans. It is important to create a formal legal instrument for MFAs to third countries and introduce quicker and more efficient decision making for individual MFA operations. I welcome the proposal to update and clarify some of the rules, particularly on the geographical scope of MFA. As for political conditionality, I agree that when delivering MFA the EU has little regard for political pre-conditions. I therefore welcome the European Parliament’s proposals to pay sufficient attention to the EU’s democratic interests and respect for political conditions, and to reduce or halt the delivery of assistance in cases where these conditions are not observed. I also agree that the EP should give its approval to each MFA decision and monitor the funding allocated effectively."@en1
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