Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-659-000"

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"Mr President, the lack of cofinancing capacity is certainly, at the moment, one of the biggest obstacles preventing the effective use of European funds, including the European Fisheries Fund. Due to the budgetary constraints it has produced, the financial crisis has made the situation even more difficult for European countries whose level of development is below the general average for the European Union. This is why the proposals from the Commission on all the categories of funds are good news for the Member States involved. However, I should point out that there is yet another problem which remains unresolved. I am referring to the lack of resources for the private cofinancing of investments. This situation applies to all categories of European funds, especially to those intended for small enterprises and agriculture. In this regard, we need credit and public guarantee facilities to support potential beneficiaries. It is also vital to make the procedures simpler."@en1
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