Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-322-000"
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"en.20120613.24.3-322-000"2
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"Against. The EU should be doing all within its power to support the promotion of democratic and economic change in North Africa but doing so through the outdated EBRD is the wrong approach to take. There are a number of institutions better placed to support change in the region, whether at European level – for example, the European Investment Bank (EIB) – or at international level – for example, the World Bank. We should be focusing on maximising the efficiency of our support through these existing institutions rather than creating multiple structures, which undermine the effectiveness of our aid. The EBRD is a fossil of a bygone era. It lacks any form of democratic scrutiny, unlike the EIB and the World Bank. It also has a record of supporting unsustainable projects in the countries in which it works, with recent evidence showing its support for projects promoting fossil fuels is increasing. For these reasons, the Greens opposed changing the mandate and believe EU governments should also rethink the proposals."@en1
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