Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-360-000"
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"en.20111213.26.2-360-000"2
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"I voted in favour of Mr De Castro’s report. As a consequence of the financial and budgetary crisis, some Member States are facing budgetary restraints which might prevent them from fulfilling their commitments in cofinanced Community programmes (structural and cohesion funds, the European Agricultural Fund for Rural Development (EAFRD) and the European Fisheries Fund).
To remedy this situation, the Commission has proposed to temporarily increase the Union’s maximum cofinancing rate for programmes running in Member States that are subject to support from the European Financial Stabilisation Mechanism (EFSM) (currently Greece, Ireland and Portugal) and 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 help to make programmed funds available for the rural economy and contribute to an overall economic recovery in these Member States."@en1
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