Orders of the Day — European Bank for Reconstruction and Development

Part of the debate – in the House of Commons am 11:16 pm ar 24 Gorffennaf 1990.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Nicholas Budgen Mr Nicholas Budgen , Wolverhampton South West 11:16, 24 Gorffennaf 1990

It is all very well to say that, but, if this agency, as I prefer to call it, has the objectives that are being suggested—to support democracy and help environmental improvements—it is difficult to see how many of the projects can pay the interest rates that my hon. Friend suggests. It must mean that at least some of the profitable activities will have to subsidise some of the politically desirable activities. None of that is clear. It is all left in fairly socialist and interventionist vagueness.