Traduction de «Dette extérieure » (Français → Anglais) :

A very high share of non-performing loans burdens the financial sector and high stock of private, public, and external debt hangs on the economy, in the context of high unemployment and weak potential growth.The current account is still negative and is not adequate to guarantee a sustainable evolution of the net external liabilities stock.Government debt is expected to have peaked, but the current relaxation of fiscal policy is foreseen to slow down the needed adjustment.Despite a major restructuring of the banking sector and improved capital positions, the stock of non-performing loans is slowly declining but remains very high.

2. Underlines the fact that the level of public and external debt in the EU peripheral countries is among the biggest in the world – a consequence of the asymmetric nature of the integration process; recalls that this debt has been the pretext for the imposition of austerity measures, whose real consequences are increased poverty and debt; considers it imperative to face the burden of debt, renegotiating (restructuring and substantially reducing) it and bringing it to sustainable levels, as a matter of urgency and of elementary justice;

8. Underlines the fact that the level of public and external debt in the EU peripheral countries is among the highest in the world, which is proof of the asymmetric nature of the integration process; recalls that this debt originated in large measure in the bailouts of financial institutions that had previously engaged in abusive and speculative practices, thanks to the lack of appropriate regulation and democratic control of the economy; denounces the fact that public debt has been the pretext for the imposition of austerity measures, the consequences of which are increased poverty, the violation of fundamental social and human rights ...[+++], and more debt; considers it imperative to face the burden of debt, renegotiating (restructuring and substantially reducing) it, bringing it to sustainable levels, as a matter of urgency and of elementary justice; calls on the Commission to come forward with a legislative proposal that bans property confiscations by banks that are directed at ordinary citizens who have been negatively affected by the crisis;

M. whereas debt contracted by authoritarian regimes against the interests of their population and not spent in their interest constitutes odious debt; whereas civil society organisations and parliamentarians from Tunisia and Egypt have called for an independent audit of their national debt; whereas Tunisian President Marzouki, in his speech at the European Parliament on 1 February 2013, called for European Member States to follow the example of Germany by converting part of the Tunisian external debt contracted during the Ben Ali regime into development assistance; whereas over 100 Members of the European Parliament have signed a petition calling for the ...[+++]suspension of the payment of the Tunisian external debt pending an independent audit, in order to identify the odious and illegitimate part of this debt; whereas a quarter of the Tunisian external debt is held by France and the European Investment Bank, according to the World Bank;

Does the Council not believe that the external debt and debt servicing of the least developed countries represents an enormous constraint on their development, which has already obliged them to dedicate a large proportion of their resources to servicing a dent which should, surely, now be written off?

5. Notes with deep concern that in spite of the various efforts to address the debt crisis, the external debt of many developing countries has grown at a very high rate over recent years and that it effectively cripples the ability of many countries to develop their economies and to address urgent social needs, such as health and education;