Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-260-937"

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"en.20111201.35.4-260-937"2
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"The economic crisis we are facing, and which impacts daily on Member State budgets, is being tackled by Member States with different methods of funding. Financial stability, the primary objective of every country, is at risk and any proposal for ensuring it should be taken into consideration. I voted for the text by Ms Hübner because Council Regulation (EC) No 1260/1999 needs to be amended in order to resolve a problem affecting many Member States using the repayable assistance system, along with structural payment grants, as forms of direct aid. There being no precise definition of repayable subsidies, it was not possible to establish to what extent Member States could apply for this form of assistance without additional interest. Approval of the new text establishes that Structural Funds can cofinance repayable assistance."@en1

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