Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-349-500"
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"en.20111213.26.2-349-500"2
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"I voted in favour of the report. As a consequence of the financial and budgetary crisis, some Member States have to face budgetary constraints which might prevent them from fulfilling their commitments in cofinanced Community programmes (structural and cohesion funds, the European Agricultural Fund for Rural Development (EAFRD) and the European Fisheries Fund).
With reference to the EAFRD in particular, many Member States could lose their support unless they provide proof of spending matching national funds. I agree with the Commission’s proposal to temporarily increase the Union’s maximum cofinancing rate for programmes running in Member States that are subject to support of the European Financial Stabilisation Mechanism (EFSM), such as Greece, Ireland and Portugal, and the balance of payments facility for non-euro area Member States, such as Latvia and Romania. This temporary increase in cofinancing, provided on application of the Member State concerned, would reduce the amount of matching national funds needed in 2011 and 2012 and would contribute to economic recovery in these Member States."@en1
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