Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-173-000"
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"en.20110929.18.4-173-000"2
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"We voted in favour of this report, which agrees to continue the European Globalisation Adjustment Fund (EGF) for an additional period. However, we must also raise some questions of principle regarding this instrument. Fundamentally, the EGF is not the required response to the problems of company restructuring, nor are its funding criteria fair, as we have previously reported. The EGF is primarily a damper for the negative structural policies of the European Union, reducing the effect of some unemployment without going to the root of the problem. On the other hand, in the context of the deepening economic and financial crisis, which demands austerity measures from Member States, unemployment is continuing to grow, due also to the increase in bankruptcies in the industrial sector, and access to this funding is limited by the high cofinancing rate demanded of Member States, at 35% of the specified global sum. Accordingly, we proposed that the cofinancing rate be reduced to 5%, in particular, for countries with fragile economies, such as Portugal. Unfortunately, this proposal was not approved. Once again, we insist that what the situation requires, rather than the palliative measure of the EGF, are measures that aim to prevent unemployment and provide incentives for job creation."@en1
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