Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-204"

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"en.20101214.32.2-204"2
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"According to Article 37(1) of the Financial Regulation, the Commission may present draft amending budgets if there are ‘unavoidable, exceptional or unforeseen circumstances’. On this aspect, and regarding the mobilisation of the EU Solidarity Fund, the Commission proposes to mobilise the European Union Solidarity Fund in favour of Portugal and France on the basis of point 26 of the interinstitutional agreement of 17 May 2006 on budgetary discipline and sound financial management (IIA). The IIA allows the mobilisation of the Solidarity Fund within the annual ceiling of EUR 1 billion. The conditions for eligibility to the fund are detailed here as well as in Council Regulation No 2012/2002 establishing the EUSF. It is important to note that the objective of the fund is not to compensate private damage but to repair infrastructure and is a tool for refinancing. In 2010, so far, only one proposal to mobilise the Solidarity Fund has been submitted by the Commission, a proposal of 24 September 2010 to mobilise EUR 13.02 million following severe flooding in Ireland in November 2009 ()."@en1
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