Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-283-000"
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"en.20120419.15.4-283-000"2
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"Cohesion policy is the only real mechanism available to the European Union to redistribute wealth. The richest countries, through these funds, participate in the development and development programmes of the poorest regions. This policy should be maintained to fulfil the objective it has always been set: to combat disparities in wealth between the regions of Europe.
The economic crisis which has struck the Union hits the poorest and most underdeveloped regions hardest. These regions need to pursue public investment more than ever to combat the harmful effects of the crisis. Since the beginning of the crisis we have been calling on the Commission to abandon the principle of cofinancing for the poorest regions of the European Union and those in greatest difficulty, and to finance 100% of programmes set up since 2007 by the regions in greatest difficulty.
Unfortunately, this is not the chosen solution. The Commission intends to continue to fund projects which should have been funded through its cohesion policy through lending and through the continued debt of the Member States and the regions in greatest difficulty. We strongly reject this approach."@en1
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