Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-036-000"

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"en.20110623.4.4-036-000"2
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"Mr President, there are some crucial decisions to be made within the extremely tight limits of the Union budget, which the overlords of the EU do not seem willing to change, thus blocking any prospect of real convergence and cohesion. It is unacceptable that, in the face of the extremely severe crisis affecting the most vulnerable economies in the EU, they are continuing to make unsupportable cofinancing demands for the use of Union funds, specifically the Structural Funds. The Commission itself acknowledges the low take-up of EU funds by these countries, but it insists on making cofinancing a requirement, so the so-called austerity measures which are imposed on them do not enable them to guarantee public investment, first and foremost because it is being cut to penury levels. We have therefore been advocating the abolition of, or a substantial cut in, national contributions, up to a maximum of 10%, so that countries facing major difficulties can make full use of Union funds, and so that the money can be used effectively by those who need it most, instead of being returned to the coffers of those who need it least. We must stop the relentless and unstoppable divergence dynamic in which the EU is mired. Budgetary policy plays a crucial role in this."@en1
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