Feasibility study of the European Union - Latin america Bi-regional solidarity fund proposed by the European Parliament

This document presents a detailed examination of the feasibility of the European Parliament proposal contained in its resolution of 15 November 2001 to create a European Union - Latin America Bi-regional Solidarity Fund. That proposal has been repeated since then on numerous occasions and in various forums but has not yet been seriously considered either by the European Commission or by the Council. In this context, and on the eve of the Vienna Summit, this document sets out various specific proposals on the basic guidelines for the creation of the Fund, both as regards its organisational structure and in relation to its financial aspects and scope.