Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-989"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100922.20.3-989"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"This amending budget is the result of an initiative by the Committee on Budgets and its chair to use an amending budget to introduce an amendment aimed at creating a p.m. line (token entry) in order to finance the guarantees provided for in the European Financial Stabilisation Mechanism (EFSM). We recall that the EFSM was created in May 2010 by a Council Regulation adopted on the basis of Article 122(2) of the Treaty on the Functioning of the European Union (TFEU), without Parliament’s participation, and it consists of a mechanism providing for the possibility for the Union to borrow funds in the capital market to loan to Member States in financial difficulties. The European budget will only be called upon to intervene if the Member State receiving the loan is not able to reimburse it. Therefore, this amending budget for the 2010 financial year encompasses the creation of a new budget item 01 04 01 03 for the guarantee provided by the EU, and, correspondingly, a new Article 802 on the revenue side. A token entry (p.m.) is proposed for commitment and payment appropriations, as well as revenue."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples