Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-289-375"

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"en.20120419.15.4-289-375"2
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"— Greece, Ireland, Portugal, Hungary, Romania and Latvia are the EU countries involved in financial assistance programmes as a result of the economic crisis, and they are the countries for which the Commission has advanced the proposal outlining the risk-sharing instrument that would make it possible to continue with implementation of programmes funded by the Structural Funds and the Cohesion Fund for the period 2007-2013. Parliament approved the proposal, thanks also to my vote. The text includes the possibility of transferring the funds allocated to the Member State back to the direct management of the Commission so that agreements can be entered into with financial institutions (the European Investment Bank), which will guarantee the resources for safeguarding the investments without any additional costs. This will curtail the risk of losing the funds already allocated to Member States for cohesion policy."@en1

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