Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-207-750"
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"en.20111213.26.2-207-750"2
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"This mobilisation of the European Union Solidarity Fund was in accordance with the provisions of Article 37(1) of the Financial Regulation, which stipulates that the Commission may table draft amending budgets in the event of unavoidable, exceptional or unforeseen circumstances, and that the maximum amount that may be mobilised is EUR 1 billion. Its aim is to contribute to the repair of infrastructure, but it cannot be used as a refinancing tool or for compensating damage to private property. The direct damage to Spain’s Murcia region has been estimated by the Commission, on the basis of calculations provided by the Spanish authorities, at a total of EUR 842.8 million. In the case of Italy’s Veneto region, direct damage has been estimated at EUR 3.7 billion. The total amount of aid proposed in Draft amending budget No 7/2011 is EUR 37 979 875. The Commission proposes funding the needs identified by reallocating payment appropriations from rural development programmes, and by increasing commitment appropriations. We voted for this aid."@en1
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