Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-345-500"

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"en.20120704.25.3-345-500"2
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"I supported this resolution. The current financial discipline provision requires all farmers’ direct payments to be scaled back if the Pillar I budget minus a EUR 300 million margin is forecast to be exceeded. In the current financial perspective, the purpose of the margin is to provide for a ‘safety net’ in case of any unforeseen need for additional financing. In its proposals for the multiannual financial framework and the CAP for 2014-2020, the Commission is proposing to make use of a new crisis reserve to address additional financing needs resulting from an unexpected agricultural crisis. In line with these proposals, the draft regulation removes the EUR 300 million margin for the financial year 2014."@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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