Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-261-750"
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"en.20111201.35.4-261-750"2
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"The present crisis with which the Union is grappling has enabled the improvement of EU mechanisms for preventing systemic risk and for reacting to situations of economic and financial weakness. On the one hand, it has enabled the EU’s political decision makers to focus their attention on the need to adopt structural instruments that will, in future, make possible a quicker response to the various problems that could emerge. On the other, it has led to the adoption of measures that, in the short term, could minimise the effects of the economic and financial crisis.
The latter category includes the draft amendment to Council Regulation (EC) No 1083/2006 on provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability. One of the points that should be stressed is the 10% increase in the rate of Union cofinancing for cohesion projects. The regulation applies
to euro area countries that have received financial assistance under the European Financial Stabilisation Mechanism, including Portugal.
As such, I voted in favour, in the hope that these instruments will enable the minimisation of the problems we have been experiencing."@en1
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