Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-349-625"
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"en.20111213.26.2-349-625"2
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"As a consequence of the financial and budgetary crisis, some Member States are facing budgetary constraints which might prevent them from fulfilling their commitments in Community programmes that are cofinanced, especially from the Structural Funds. I understand, therefore, that the Commission, on the basis of these factors, is proposing temporarily to increase the maximum share of Union cofinancing for programmes under way in Member States that are drawing support from the European Financial Stabilisation Mechanism (currently Greece, Ireland and Portugal) and from the balance of payments facility for non-euro area Member States (currently Latvia and Romania). This temporary increase in community cofinancing, provided on application of the Member State concerned, would reduce the amount of matching national funds needed in the budget years 2011 and 2012. It would thus contribute to an overall economic recovery in these Member States. I consider it important that the Commission proposal foresees no additional commitment appropriations. The additional payment appropriations needed to finance the increased EU support shall be transferred from the 2013 budget year to the 2011 and 2012 budget years. There will thus be no transfer of financial allocations between Member States, and I am therefore able to support this proposal."@en1
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