Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-04-Speech-2-144"
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"en.20060704.25.2-144"2
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Under the Council common position on the new Cohesion Fund regulation, in common with the previous financial framework the Funds remain contingent on compliance with the Stability and Growth Pact and the Maastricht nominal convergence criteria. That is to say, a cohesion country with a lower level of economic development is penalised twice over. Being in a state of crisis it will fail to meet the Stability and Growth Pact criteria, and it will also run the risk of having its money from the Cohesion Fund taken back. This is tantamount to blackmail, which is unacceptable.
We are also very much opposed to the extension of the N+2 (N+3) rule to the Cohesion Fund, taking account of the specific nature and the objectives of this fund. It should be borne in mind that this rule, imposed by Germany in the previous Financial Framework 2000-2006 on the remaining Structural Funds, involves a cut in the funds not already implemented within two years (three years). This clearly runs counter to the objective of the Structural Funds. This new condition could have an even greater impact than the Cohesion Fund, taking account of the funding of major projects, giving rise to bigger difficulties in implementation and financing."@en1
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