Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-264-500"
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"en.20111201.35.4-264-500"2
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"I voted for Danuta Maria Hübner’s report on the amendment to Council Regulation (EC) No 1083/2006 relating to financial management for certain Member States facing financial difficulties. Hungary, Romania, Latvia, Portugal, Greece and Ireland have been hardest hit by the crisis and have received financial assistance via the European Financial Stabilisation Mechanism (EFSM), in the case of euro area countries, or via the Balance of Payments mechanism for countries outside this area. The measure that has been adopted is temporary and allows the Commission to provide a 10% top-up of the applicable cofinancing rates when the support mechanisms are being applied, with the overall funds allocated to these countries as part of the cohesion policy for the 2007-2013 period remaining unchanged. The relevant Member State submits a request to the Commission within two months of the date from which the Member State meets one of the conditions specified in the regulation. The request will detail the purpose for resorting to the derogation and will provide information about additional measures envisaged for directing the funds towards competitiveness, growth and employment, including with regard to the modification of the operational programmes. The Commission has 30 days from the date when the request was submitted to raise objections. The regulation will be applied retrospectively, and the measure will cease to be applied after the Member State leaves the support mechanism."@en1
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