Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-357-687"

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"en.20111213.26.2-357-687"2
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"The adoption of this report will result in a temporary increase in the maximum EU cofinancing rate for programmes running in Member States that are subject to support from the European Financial Stabilisation Mechanism and the balance of payments facility for non-euro area Member States. Given that some Member States are facing budgetary constraints as a result of the financial and budgetary crisis that may prevent them from fulfilling their commitments to cofinanced Community programmes, and that they thus risk losing Community support through the European Agricultural Fund for Rural Development, this proposal will allow the Member States that request such an increase to reduce the amount of the respective national funds necessary for the budget years 2011 and 2012. This will therefore enable programmed funds to be made available for the rural economy and contribute to an overall economic recovery in these Member States."@en1

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