Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-254-000"

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"en.20111201.35.4-254-000"2
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"The economic crisis has had a devastating effect on economic growth and financial stability in almost all Member States. In order to take measures to counterbalance these negative effects, it is necessary to amend the relevant current legislative framework. This amending regulation supports the European Commission’s proposal to amend Council Regulation No 1083/2006 in order to provide additional financial resources to Member States that are struggling under unsustainable debts. In May 2011, Ireland and Portugal were given such assistance and it proved crucial to these two countries, which is why the current regulation must be amended in order to continue the aid supplied by this programme. It is for this reason that I support the rapporteur."@en1
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