Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-390-500"
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"en.20110913.34.2-390-500"2
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"The Commission and Council are currently reviewing the legislative framework – called the ‘Arrangement on officially supported export credits’ and negotiated within the Export Credit Group of the Organisation for Economic Cooperation and Development (OECD) – to transpose it into EU law. The purpose is to provide additional legal certainty to the export credit agencies of the Member States. Export credits are effective instruments for supporting Union companies, as they are able to help with job creation and the implementation of projects that could otherwise have difficulties with financing. The fact that ever more applications are being received would suggest that the Member States need to introduce the OECD Agreement quickly. I agree with the opinion of the Committee on Economic and Monetary Affairs, as I believe that ‘European level supervision of export credits should be introduced as an exception when a distortion of competition within the internal market occurs. The principle of subsidiarity should be maintained’."@en1
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