Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-178-750"

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"− The EU’s macro-financial assistance (MFA) is an important instrument enabling the EU to help third countries and territories meet the demands caused by urgent economic crises swiftly and by creating added value, while at the same time strengthening commitments to common values with the Union, including democracy, the rule of law, good governance, respect for human rights, the fight against forced child labour, support for sustainable development, poverty reduction, the fight against corruption, as well as to the principles of open, rules-based and fair trade. It is a short-term instrument, usually applied for three years, and may be reviewed if financing needs should be reduced. It is important to establish clear eligibility criteria for third countries and territories and to confer additional powers on the Commission, while ensuring democratic scrutiny, informing the European Parliament properly and in a timely manner and providing an evaluation of implementation every four years."@en1

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