Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-260-000"
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"en.20111201.35.4-260-000"2
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"On 1 December, we voted on the proposal amending Council Regulation (EC) No 1083/2006, in order to introduce extraordinary measures for certain Member States experiencing serious economic and financial difficulties. This is part of the package of extraordinary measures adopted by the European Commission in August 2011, which were necessary in light of the economic and financial crisis, and which is putting growing pressure on national financial resources at a time when Member States are implementing budget cuts. This creates a problem of available funds due to budgetary constraints, which puts the implementation of cohesion policy programmes and the impact of such investments on the real economy at risk. This measure proposes to amend Article 77 of the regulation in order to allow the Commission, at the request of the Member States involved, and subject to the Council’s Decision to grant assistance in the context of support mechanisms, to top-up the reimbursement of expenditure declared for the period in question by 10%, thus increasing the cofinancing rates applicable to each priority axis. This will not involve additional financial costs for the general budget because the total financial appropriations of the funds for the countries and the programmes involved for the entire period will remain unchanged."@en1
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