Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-259-125"
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"en.20120510.69.4-259-125"2
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"Despite the favourable opinion of the Court of Auditors, I am bound to mention the disconcerting increase in the error rate for payments made between the budgets implemented in 2009 and 2010. Moreover, it is important to re-emphasise the need for the Commission to table a plan for close monitoring of the use of financial engineering instruments; for improving and strengthening the reliability of the accountability chain; for reconsidering the increased use of pre-financing; and for creating an effective sanctioning mechanism in the area of cohesion policy. This will enable the Commission to accept fully its final and overall responsibility for implementing the budget. Finally, in the context of the economic and financial crisis that the EU is experiencing, it is important that EU budgetary policy gives due consideration to the specific situation in the Member States, particularly when this affects not only EU own resources but also cofinancing and the need for financial assistance provided under the Treaties, the European Financial Stabilisation Mechanism and the European Stability Mechanism."@en1
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