Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-244-250"

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"en.20111201.35.4-244-250"2
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"The need to introduce a framework of legal certainty that would oversee a common practice, in other words, the use of a financial instrument which was included in the previous general regulation and not in Council Regulation (EC) No 1083/2006 and which has continued to play an important part in the management of unit trusts, is in response to clear evidence of its functionality. It is no coincidence that Member States have continued to use them, even in the absence of clear indications. It was therefore certainly urgent to clarify and increase the transparency of procedures. However, we wish to express particular support for the provision for re-use of the reimbursed assistance, which would be managed in a separate account and used for the same purposes. This instrument would guarantee suitable and effective reinvestment of the funds, and could also be a way to alleviate pressure on cofinancing by Member States. Overall, the granting of repayable funds and the setting up of a special credit line for individual beneficiaries to use both seem to be moving towards an expansion of the range of funding possibilities, which is all the more important at a time of serious financial difficulty for many Member States. For this reason, I have to support this report."@en1

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