Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-263-000"

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"en.20111201.35.4-263-000"2
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"In August 2011, the European Commission tabled a proposal amending Council Regulation (EC) No 1083/2006 as regards certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability: specifically, Greece, Hungary, Ireland, Latvia, Portugal and Romania. I believe the proposal for a 10% increase in cofinancing rates is beneficial for Portugal, since it will enable the injection of fresh money into the national economy, will bring forward the implementation of EU funds, and will promote projects that will create jobs and generate wealth. The EUR 629 million made available to Portugal represents the moving forward of cohesion policy funds available for the 2007-2013 period, and not new or additional finance for the Member States. The urgency of the proposal and the short deadline for the report in committee have required close coordination between the rapporteur and the Polish Presidency, which is conducting negotiations in the Council. I should also like to congratulate all those involved on reaching a quick decision to support Member States in financial difficulties."@en1

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