Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-176-000"
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"en.20120524.19.4-176-000"2
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"− I would like to stress that macro-financial assistance (MFA) must bring EU added value and should apply only where the EU can bring something to the table, rather than functioning as an ‘International Monetary Fund top-up’. Thus, by decoupling MFA from the existence of an IMF scheme, the EU will have greater freedom to provide added value. The EU could, in certain cases, consider taking the lead role in MFA operations. Furthermore, the joint Centre for European Policy Studies and London School of Economics study commissioned by the EP notes that the amount of MFA is often too small to guarantee the implementation of policy measures adopted under the relevant memorandum of understanding. The report therefore proposes that, in most cases, the EU’s contribution should not fall below a minimum percentage, thus ensuring that it is sufficient to secure added value and making it easier for large countries to benefit from MFA."@en1
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