Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-019"
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"en.20101007.5.4-019"2
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"Mr President, it has been suggested that the Commission will withdraw regional development funding to all but the most economically weak areas of the Union post-2013 by removing Regional Competitiveness and Employment Objective funding.
Although many areas of Wales benefit under the Convergence Objective, reflecting the country’s economic shortcomings, as many as seven Welsh regions are now threatened with losing EU money.
EU funding to Wales, currently worth GBP 280 million, could be withdrawn. Financial support to numerous projects created under the auspices of the Regional Competitiveness Programme could be stripped, threatening thousands of associated jobs.
Has the Commission thought, at the very least, to draw up an impact assessment to judge the social and economic consequences of cutting funds? What transitional measures are being proposed? Spending on debt-ridden eurozone countries, including Greece, was pursued with little hesitation and amounts to a trillion euros over three years.
Wales also suffers high unemployment levels and will be greatly affected by forthcoming UK Government civil service cuts. Another threat to Wales could be the proposed renationalisation of structural funding, which could see Britain undersold on entitlement to support.
The UK, as a net contributor, would likely be expected to bear the heaviest fiscal burden. The EUR 55 billion spent on regional competitiveness and employment funding account for just 6% of the entire EU budget. The UK will continue to pour increasing amounts of money into Brussels, yet the one area where some of that money is recouped – albeit very little – is the area the Commission are looking to axe.
It is, of course, my opinion that the people of Wales would be better off if the UK left the EU. That way, we could save billions and be the sole dictators of where much-needed financial provision is channelled."@en1
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