Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-274-000"

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"en.20120419.15.4-274-000"2
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"− I supported this proposal because it aims to make it possible to continue the programmes cofinanced by the European Regional Development Fund (ERDF) and the Cohesion Fund (CF), which are experiencing implementation difficulties in Member States involved in financial assistance programmes and dealing with problems of liquidity as a result of the continuing economic and financial crisis. With this proposal the implementation of programmes funded by the Structural Funds and the Cohesion Fund, as well as continued access to funding for the projects, will be guaranteed for the six Member States meeting the conditions (Greece, Ireland, Portugal, Hungary, Romania and Latvia), although the situation in Greece is the most urgent. The proposal contains provisions that would finally allow the creation of a risk-sharing instrument. The operation would affect resources already allocated to the Member State in question at the beginning of the 2007-2013 programming period under cohesion policy without the need for any increase, and therefore would not have any additional impact on the EU budget. It is a neutral step as far as the EU budget is concerned, and is one of the measures for tackling the emergency situation that has arisen in Greece, so the regulation needs to come into force as soon as possible in order to be able to unblock projects that could potentially be involved."@en1

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