Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-052-000"

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"Mr President, in this debate, there are three issues that need to be clarified concerning the existence of this fund. First, the European Globalisation Adjustment Fund (EGF) has emerged as a merely palliative measure in a time of worsening employment, as a result of EU structural policies that jeopardise Europe’s industry and make life easier for multinationals, which do not accept any social responsibility. Secondly, the EGF uses funding criteria that are deeply unfair and lead to situations like the ones we have already experienced in this week’s plenary session, in which, for a similar number of workers, we have approved about EUR 4.4 million in EGF aid to Germany, almost EUR 3.8 million to Denmark and only EUR 1.4 million to Portugal, despite the fact that Portugal is in the worst state. The last issue is the high cofinancing rate required of the Member States, which is 35% of the total amount provided. In order to mitigate this situation, we hope our proposal for reducing the cofinancing rate required of Member States to only 5% is approved, especially for countries that are in a fragile state financially, like Portugal."@en1
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