Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-01-Speech-3-165"

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"en.20090401.15.3-165"2
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"Madam President, the European Union is faced with a widespread crisis whose effects are currently impossible to anticipate. We have noted a reduction in the pace of growth, increased budget deficits and a dramatic increase in unemployment. European cohesion policy with a budget of EUR 347 billion for the years 2007-2013 seems to be one of the most effective instruments with which to stimulate investment again and provide additional public funding for national economies. The Commission has already adopted a series of measures aimed at introducing changes to the existing package of regulations concerning the Structural Funds. The changes are aimed at accelerating expenditure, increasing liquidity in relation to the implementation of projects and simplifying measures facilitating swift implementation of projects in the regions. The main areas of action concern increasing support from the European Investment Bank (EIB), the European Investment Fund (EIF) and simplifying eligibility of expenditure. Lump sum payments and speeding up expenditure on large projects are also advocated. I welcome the swift action taken by the European Commission and the proposed legislative changes. A further important change has so far been overlooked and is called for, however. That would be to create a management and control system guaranteeing genuine liquidity across the European Union’s entire economic system."@en1
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