Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-249-750"

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"en.20120314.22.3-249-750"2
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"The sustained financial and economic crisis in Europe has greatly increased the pressure on national financial resources and has limited the injection of funds into the economy with the aid of cohesion programmes. The proposal, which has been adopted as a matter of urgency, for a regulation on the European Fisheries Fund (EFF) as regards financial management for certain Member States experiencing serious difficulties with respect to their financial stability, will enable the European Commission to make increased payments to, for example, Ireland, Hungary, Latvia, Portugal, Romania and Greece, for the period they are under the support mechanisms. This temporary top-up will amount to 10% of the cofinancing rates applicable to the priority axis of EFF programmes. This proposal drew considerable support from the European Parliament, including my vote, regardless of the deficiencies to which Parliament drew the European Commission’s attention."@en1

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