Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-01-Speech-3-144"

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"en.20090401.15.3-144"2
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". The financial crisis has imposed much more prudent credit policies, which are necessary for the banks, but harsh for the economy. The adverse effects are being felt in the real economy, especially by small and medium-sized enterprises (SMEs) and public authorities. They have projects intended to improve social and regional cohesion, create jobs, use local resources and facilitate entry or a return to the labour market. The common budget, which is usually important, is nowadays a crucial source of funding for stopping the accumulation of adverse effects. For this reason, the Committee on Employment and Social Affairs supports the simplification of the rules and quicker access to the Structural Funds and European Social Fund. This offers a two-fold benefit for those countries with less experience in accessing these funds. We think that it is necessary and welcome for European financial institutions to be involved in funding arrangements, amending the structure of eligible costs, eliminating ceilings for advance payments or prior notice. However, accessing the funds is not an end in itself. The financial impact extends beyond EUR 6.3 billion. This is indeed a considerable sum. As representatives of our citizens, we are interested in the funds being used to achieve the objectives for which they have been created. We are issuing a blank cheque today and we require the necessary transparency in how this money is being spent. We also hope to create a positive precedent. In the past, numerous initiatives, especially social, were rejected on the grounds of having no legal basis. Amending this regulation proves, if there ever was any need to, that where there is a political will there is also a legal basis. Let us not forget this fact."@en1
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