Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-178-500"

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"en.20110929.18.4-178-500"2
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"I welcomed this document because the Commission is proposing to extend until the end of 2013 the temporary derogation allowing the EGF to be used to support workers made redundant as a result of the global financial and economic crisis. In light of the scale and speed of development of the financial and economic crisis in 2008, the Commission, in its European Economic Recovery Plan, envisaged the revision of Regulation (EC) No 1927/2006. The aim of this revision was to extend the scope of the EGF as part of Europe’s crisis response and to turn it into an early, more effective crisis intervention instrument. Amendments include the reduction from 1 000 to 500 of the required number of redundancies to trigger an application for EGF support and an extension from 12 to 24 months of the implementation period for EGF supported measures. A temporary derogation was introduced in order (1) to widen the scope of the EGF to cover support in favour of workers made redundant as a direct consequence of the financial and economic crisis and (2) to increase the rate of EGF cofinancing from 50 to 65%. The temporary derogation expires on 30 December 2011."@en1

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