Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-254-500"
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"en.20110929.18.4-254-500"2
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"The European Globalisation Adjustment Fund (EGF) was created with the purpose of demonstrating the EU’s solidarity with workers affected by mass redundancies as a result of globalisation and was extended in 2009, as part of the European Economic Recovery Plan, to redundancies also caused by the financial and economic crisis. The way in which the Member States have applied for mobilisation of the EGF demonstrates the importance of this instrument in overcoming the problems that have arisen as a result of the economic and financial crisis. However, there are some shortcomings associated with this instrument, but we hope that these have been addressed, following the adoption of this amendment to the present regulation, so as to make it faster to use and more effective. It therefore makes sense to retain this instrument so that we can continue to support workers who, today, are still suffering from the consequences of the ongoing crisis."@en1
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