4 Amendments of Frithjof SCHMIDT related to 2008/2050(INI)
Amendment 30 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Deplores that there is little reference, in the Commission's annual progress report 2008 on the Monterrey process1, to ongoing discussions on odious and illegitimate debt and the principles of responsible finance; welcomes the Commission's call for action against aggressive litigation by commercial creditors and distressed debt funds; 1 SEC(2008) 432/2 "The Monterrey process on Financing for Development - the European Union's contribution to Doha and beyond".calls on the Council, the Commission and the Member States to follow the Norwegian example and work towards swift debt cancellation in the case of odious debts; welcomes the Commission's call for action against aggressive litigation by commercial creditors and distressed debt funds;
Amendment 36 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Regrets that the Commission communication package on aid effectiveness1 does not mention capital flight as a risk factor for the economies of developing countries; points out that capital flight does serious damage to the development of sustainable economic systems in developing countries; calls on the Commission to include measures to prevent capital flight in its policies, as required by the Monterrey Consensus, with the goal of closing down tax havens, some of which are located within the EU or operate in close connection with Member States;
Amendment 40 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Calls on Commission and Council to renew efforts to establish Tobin and Tobin-like taxes on currency transactions, with the dual aim of generating additional resources for development cooperation and of stabilising volatile international financial markets;
Amendment 48 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Calls on the European Investment Bank (EIB) to investigate possibilities for the immediate setting up of a guarantee fund in support of micro-credit and risk- hedging schemes that respond closely to the needs of local food producers in poorer developing countries;