Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-27-Speech-2-218"
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"en.20050927.20.2-218"2
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".
The financing provided by the Commission is EUR 40 million – 50% of this element of the project – which comes under the ERDF co-financing system. The reason is that the remaining part – the legal validation of the property rights – cannot be included in the co-funded project because the Commission considers this a legal matter and one that is therefore outside the scope of the co-funded project. As you probably know, the legal framework in this context in Greece is quite unstable: it changes fairly often. It is therefore the responsibility of the Greeks to finalise the land registries, for which we provide technical instruments through our financing of this project.
It must be said that the legal validation work would consist largely of the work of the lawyers, so that expenditure – which would take the form of lawyers' fees and similar costs – would, in any case, not be eligible for finance from the ERDF. That is the reason for this low level of financing and why the Commission cannot provide financial assistance for the remaining part of the project."@en1
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