Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-102-000"
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"en.20111026.6.3-102-000"2
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"Ms Gräßle completed a huge piece of work last month, with a whole series of specific and highly positive results in the form of visible changes during the review of the Union’s financial Bible, the financial regulation. The main purpose of this new proposal is to simplify and reorganise the financial regulation by creating a simple legal instrument combining the principles and basic rules of budgetary and financial management. The new financial regulation of the EU should clarify EU expenditure, make it transparent and provide greater reassurance for users of European funds. The new draft emphasises that better financial management in the EU must be supported by careful monitoring of developments by the Commission and the Member States, and therefore insists that Member States should assume responsibility for the proper use and administration of funds, issuing regular annual national reports on the use of EU funds at the appropriate political level through a so-called national declaration."@en1
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