Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-350-125"

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"en.20111213.26.2-350-125"2
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"This is a technical document about the mechanisms and conditionality which are part of granting financial support to Member States experiencing difficulties, against the backdrop of the economic and sovereign debt crisis. It contains some of the first adjustments brought about by the implementation of the support measures for countries like Greece, Ireland, Portugal and Romania. The most important provision, which is my justification for voting to adopt this document, relates to the possibility of facilitating the management of the funding granted by the EU. In order to support increasing the pace of investment in Member States as well as in the affected regions, and to enhance the impact of the funding on the economy, the rate of the EAFRD contribution must be permitted to be increased to 95% of eligible public expenditure in the areas eligible under the convergence objective, or to 85% of eligible public expenditure in other regions facing severe difficulties in terms of their financial stability."@en1

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