Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-159-000"
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"en.20120419.15.4-159-000"2
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"Mr President, ladies and gentlemen, the Commission’s proposal to amend the provisions on risk-sharing instruments is extremely timely for those Member States at risk of suffering great difficulties as a result of the current financial instability.
Its arrival during this period of serious economic crisis is perfect. Hence, in this amendment to the regulation on risk-sharing instruments, countries such as Ireland, Portugal, Hungary, Romania, Lithuania and above all Greece will find an alternative to the threat of losing funds already assigned and therefore the chance to carry on with programmes cofinanced by the European Regional Development Fund and the Cohesion Fund that are proving difficult to implement in these Member States.
This will result in the projects being carried out and jobs being retained across the parts of the European Union most affected by the economic crisis, without eating into the EU’s budget in any way but instead making a major contribution to growth in Europe."@en1
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