Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-347-992"

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"en.20111213.26.2-347-992"2
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"With the adoption of Paolo De Castro’s report, the EU finally seems capable of proving that it is both useful and unified. In order to respond to the context of the crisis, Europe has decided to take transitional measures until the end of 2013. It will grant Member States in financial difficulty, such as Greece, Romania and Portugal, very favourable cofinancing rates of up to 95% so that they can finance rural development projects and hence encourage economic recovery. I supported the increase in EAFRD cofinancing rates in order to ensure that those EU countries with poor growth prospects and weakened public finances do not see the implementation of their projects stopped on the ground. However, this positive policy of supporting countries in financial difficulty with regard to rural development should be accompanied by a similar policy for their regional development projects. By creating synergy between the projects financed by the various European funds, we can make an effective and sustainable contribution to the economic development and growth of those States."@en1

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