Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-398-875"

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"This report, which was drafted by Mr Stavrakakis, is on the current situation and the need to assemble future synergies in order to increase efficiency between the European Regional Development Fund (ERDF) and the other Structural Funds. Over two decades, the Structural Funds have been invested in various regions of Europe and have made a key contribution to improving the quality of life of millions of Europeans. They seemed an inexhaustible source from which the most disadvantaged regions could satisfy their funding needs. The recent economic and financial crisis has brought us to our senses and shown us the consequences of the unrestrained consumerism embodied in non-sustainable investments. Indeed, improving infrastructure does not always go hand-in-hand with major development. A rigorous assessment of all projects underway is therefore urgently needed, along with a strategic redirection of the funds that are still available, taking into account the achievement of the objectives set out by the Europe 2020 strategy in preparation for the next Multiannual Financial Framework (MFF). I support the recommendations in this report aimed at creating synergies through the establishment of a strategic instrument that covers all the Structural Funds and is geared towards innovation and technological development, supporting companies, particularly small and medium-sized enterprises, and reducing administrative costs."@en1

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