Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-255-937"

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"en.20111201.35.4-255-937"2
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"I welcome the European Parliament’s adoption of this proposal, which enables the increase of interim payments from the Structural Funds as well as from the Cohesion Fund by an amount corresponding to 10% above the actual cofinancing rate for each priority axis for Member States that are facing serious difficulties with respect to their financial stability and have requested to benefit from this measure. The Member States eligible for this measure are euro area countries that have received financial assistance in the context of a European financial stabilisation mechanism programme, and countries that do not belong to the euro area that have received financial assistance from the European Balance of Payments mechanism. As such, this measure shall apply retroactively to Portugal, Ireland and Greece, with effect from the day on which they were awarded financial assistance, pursuant to Article 77(2). It shall also apply to Hungary, Latvia and Romania, starting from 1 January 2010. This means European cohesion policy funding can have 95% European cofinancing. The overwhelming majority in the European Parliament have voted for this report. I hope the Council will have the same attitude."@en1

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