Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-241-750"

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"en.20111201.35.4-241-750"2
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"I voted in favour of this report on the proposal for a regulation of the European Parliament and of the Council amending Council Regulation (EC) No 1083/2006 as regards repayable assistance and financial engineering. The proposal provides for a definition of reimbursable grant as a direct financial contribution by way of donation which can be totally or partially reimbursable without interest. It states that the Structural Funds may finance expenditure in respect of an operation comprising contributions to support repayable assistance. Moreover, it clarifies that the assistance repaid to the body providing the assistance or to another competent public authority of the Member State must be kept in a separate account and reused for the same purpose or in line with the objectives of the operational programme. Legal clarity and certainty should be ensured as regards repayable assistance and financial engineering instruments. I agree with the rapporteur’s opinion that appropriate monitoring of financial engineering instruments is necessary, but that the Member States should not be subject to new additional reporting obligations. The amendments tabled by the European Parliament are aimed at clarifying the text, adding the definition of credit line, modifying the reporting requirements, and clarifying the obligations as regards statements of expenditure."@en1

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