Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-06-09-Speech-2-159-250"
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"en.20150609.11.2-159-250"2
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"I voted in favour of this report of which I was shadow rapporteur. This proposal aims to implement the provisions of Article 26 of Regulation (EU) No 1306/2013 and Article 8 of Regulation (EU) No 1307/2013. It seeks to set the percentage rate of the financial discipline adjustment rate in respect of the calendar year 2015.
The application of this adjustment rate will result in the reduction of the amounts of direct payments for budget lines covering expenditure relating to aid applications submitted by farmers in respect of the calendar year 2015 (financial year 2016).
In simple terms, there is a reserve fund for agricultural crises. The total amount of this fund will be EUR 2 800 million (Art. 25 of Regulation 1306/2013), with equal annual payments into it of EUR 400 million, until 2020. These payments are to be paid by applying a ‘financial discipline mechanism’ on the direct payments, meaning that a certain percentage is withheld from direct payments over EUR 2 000, and those funds are to flow into the agricultural reserve fund."@en1
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