Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-228-000"
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"en.20111213.26.2-228-000"2
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"Point 28 of the interinstitutional agreement of 17 May 2006 on budgetary discipline and sound financial management between the European Parliament, the Council and the Commission allows the release of funds from the European Globalisation Adjustment Fund (EGF) using the flexibility instrument within the annual ceiling of EUR 500 million under the relevant headings of the financial framework. In February this year, Italy submitted request No EGF/2011/002 IT/Trentino-Alto Adige/Südtirol for a financial contribution from the EGF on account of 643 redundancies in 323 enterprises operating in NACE Revision 2 Division 41 (‘Construction of buildings’) in the NUTS II region of Trentino-Alto Adige/Südtirol (ITD1 and ITD2) in Italy. According to statements by the relevant authorities, the financial and economic crisis has resulted in a sudden collapse of the global economy and has had a major impact on many industries, including redundancies in the construction sector which could not be foreseen and which could not be easily avoided. After considering the request thoroughly, in accordance with Article 10 of Regulation (EC) No 1927/2006, the Commission has come to the conclusion that they meet the conditions for a financial contribution under the regulation. I also believe that providing immediate financial compensation to Italy is justified."@en1
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