Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-313-250"
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"en.20120613.24.3-313-250"2
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"Articles 1 and 2 of the statute of the European Bank for Reconstruction and Development (EBRD) set it apart from other regional investment banks, due to its goals of providing assistance in the transition towards full democracy, underpinned by strong Western structures, through expansion of the private sector and the ordered conversion of centralised, state economies (including oligopolies) into mature and functioning market economies.
The countries of the Southern and Eastern Mediterranean tick many of the boxes for which the EBRD was established. For example, there is the importance of state industry in their economies, which acts as a brake on growth and often gives rise to inefficiency and corruption; a state of affairs which, by the way, has been systematically exploited by radical and Islamist political organisations. Since EU Member States are generally among the leading trade partners in the area, the benefits of reconfiguring the EBRD to support cooperation policies in the region is quite clear, particularly in terms of stabilisation, growing the middle classes and promoting a moderate, reform-driven culture. Accordingly, I voted in favour of this report."@en1
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