Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-347-968"
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"en.20111213.26.2-347-968"2
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"I voted in favour of this legislative resolution and welcomed the European Parliament’s position at first reading. The Commission’s proposal for a regulation proposes temporarily increasing the Union’s maximum cofinancing rate (up to 95%) for programmes running in Member States which receive support under the European Financial Stabilisation Mechanism (Greece, Ireland and Portugal) and the balance of payments facility for non-euro area Member States (Latvia, Hungary and Romania). Due to budgetary constraints, some Member States that receive assistance under aid programmes risk failing to fulfil their commitments and losing Community support (unless they provide proof that they are allocating matching national funding no later than two years after the year initially set for the payment). The instrument proposed by the Commission will enable these Member States to reduce their contribution when cofinancing projects with the European Union. Possibilities will thus arise to release funds already allocated from the EU Cohesion Fund and Rural Development or Fisheries Funds earlier and to begin implementing programmes postponed due to a lack of national funding."@en1
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