Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-17-Speech-3-038"
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"en.20081217.3.3-038"2
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"Mr President, the EU budget is being discussed at a time of rising anxiety regarding the economic crisis which is engulfing its Member States. This crisis prompts the Commission, the Council and the European Parliament to think about how the EU’s budgetary resources can combat the economic downturn.
A considerably speedier disbursement of the Structural Funds in the new Member States is essential under the new conditions, and the Commission’s intention in this respect is more than welcome. However, this intention has to turn into concrete deeds, and the EU budget has to be ready in case additional payment appropriations are needed, as the report correctly highlights. Incidentally, this hinges precisely on the simplification of procedures.
For the non-euro area new Member States, the leeway for using the budget stimulus out of their own resources is much reduced because of this financial crisis, and the credit crunch is likely to prevail on the international markets in 2009. Therefore, EU funds and other forms of EU assistance within the framework of what I would call ‘credit enhancement’ are badly needed in order to fight the severe economic slowdown which is to be expected.
Donor countries might relish lower payments from the EU Structural Funds, with a view to the reorientation of these funds for other uses, but let us not deceive ourselves. If new Member States get injured by this crisis more than their intrinsic weaknesses warrant, the effects would be bad for the Union as a whole."@en1
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