Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-358-500"
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"en.20111213.26.2-358-500"2
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"I voted for the proposal amending Council Regulation (EC) No 1698/2005 as regards certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability. Therefore, in order to facilitate the management of the funding granted by the EU, to support increasing the pace of investment in Member States and in the regions hit hard by the crisis, as well as to enhance the impact of the funding on the economy, the rate of the EAFRD contribution is permitted to be increased to up to 95% of eligible public expenditure in the areas eligible under the convergence objective, or to up to 85% of eligible public expenditure in other regions facing severe difficulties in terms of their financial stability.
This temporary increase in cofinancing rates must be examined in the context of the budgetary constraints which all Member States are facing. In fact, the relevant budgetary constraints should be reflected appropriately in the general EU budget. Furthermore, since the main aim of this mechanism is to resolve current specific problems, it should be applied for a limited period of time to the expenditure incurred by the paying agencies up to 31 December 2013."@en1
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