Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-10-25-Speech-2-228-351"
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"en.20161025.31.2-228-351"2
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"I voted in favour of this report. The Commission proposed amending the regulation relating to financial management for Member States experiencing serious difficulties with respect to their financial stability. As national budgets are under strain, it may be hard for countries experiencing budgetary difficulty to find sufficient funds for national co-financing of regional policy projects. The proposed regulation allows the Commission to make increased payments under ESIF programmes to these countries. At the request of a Member State, interim payments may be increased by 10 percentage points above the co-financing rate applicable to each priority for the European Regional Development Fund (ERDF), European Social Fund (ESF) and the Cohesion Fund, or to each measure for the European Agricultural Fund for Rural Development (EAFRD) and the European Maritime and Fisheries Fund (EMFF). The ‘top-up’ does not change the overall ESIF allocations in 2014-2020.
This concerns the case of Greece. For the case of Cyprus, the Commission proposed that the period of eligibility for Cyprus for the co-financing rate of 85% will continue until the closure of the 2014-2020 programmes. This will give Cyprus more time to balance its budget and at the same time run the ERDF and ESF projects."@en1
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