Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-212-000"
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"en.20110914.24.3-212-000"2
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"The European Globalisation Adjustment Fund was set up to provide additional help for workers who have felt the impact of the major structural changes that the world economy has undergone. Under point 28 of the Interinstitutional Agreement of 17 May 2006 on budgetary discipline and sound financial management and Article 12 of Regulation (EC) No 1927/2006, the Fund cannot exceed a maximum of EUR 500 million. On 10 June 2011, the Commission adopted a new draft resolution on mobilising the EGF on behalf of Austria to support workers who been made redundant as a result of the world financial and economic crisis. This request, EGF 2010/007/AT/Steiermark and Niederösterreich, was submitted to the Commission on 9 March 2010 and supplemented with additional information on 27 January 2011.
One criterion which the Commission used in making its decision was to assess the relation between the job losses and major structural changes in world trade and the financial crisis, which in this particular case was related to a fall in world demand for metals, and which had an extraordinary impact on Austrian metals exports. In the Commission’s view the request meets the eligibility criteria of the EGF Regulation and the Commission recommends that the budgetary body approve the request."@en1
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