Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-352-250"
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"en.20111213.26.2-352-250"2
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"This report concerns the proposal for a regulation of the European Parliament and of the Council amending Council Regulation (EC) No 1698/2005 as regards certain rules relating to financial management for certain Member States threatened with serious difficulties with respect to their financial stability, as is the case with Portugal, Greece and Ireland. The budgetary constraints that these countries are experiencing may prevent them from investing the amounts allocated to them under the cofinanced EU programmes, namely, the structural and cohesion funds, the European Agricultural Fund for Rural Development and the European Fisheries Fund, as they do not have the matching national funds. This situation would force the Member States concerned to return those amounts to the EU, thus exacerbating the weakness of their economies even more. This proposal is aimed at temporarily increasing the maximum EU cofinancing rate for programmes running in the Member States that are subject to support from the European Financial Stabilisation Mechanism. I welcome this proposal, for which I voted, and I am pleased with the adopted measures, as they discriminate in favour of the Member States that have been most affected by the economic and financial crisis and that are making great social sacrifices in order to ensure their economic recovery."@en1
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