Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-27-Speech-2-357-125"

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"Regional policy currently accounts for 35.7% of the EU budget. This funding is vital for the development of European regions. However, what we are seeing is that, despite the accelerated absorption of Structural and Cohesion Funds for the period 2007-2013, rates remain low in certain Member States. The President of the Commission, Mr Barroso, highlighted this during his State of the Union Address to MEPs on Wednesday, 28 September: growth also entails improving the absorption capacity of Structural and Cohesion Funds. We are currently going through a particularly turbulent economic and financial crisis. All good management practices must be encouraged. That is why I welcome the adoption of this report, which shows how keen Parliament is to ensure optimum use of European funds and to remove all those obstacles that often lead to the impression that Europe’s money is being thrown down the drain. We are about to begin negotiations on the next financial perspective 2014-2020. With this report, we are sending a clear signal to the Commission and to the Council. As a budgetary authority, Parliament will be intent on guaranteeing sound management and proper implementation of EU finances."@en1

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