Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-353-000"
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"en.20111213.26.2-353-000"2
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"The ongoing global financial crisis and economic downturn have seriously damaged economic growth and financial stability and provoked a strong deterioration in the financial and economic conditions of the Member States. Several Member States are facing serious difficulties or are threatened with such difficulties, notably, problems in their economic growth and financial stability and with a deterioration in their deficit and debt position, as a result, among other things, of the international economic and financial situation. Despite the fact that important actions to counterbalance the negative effects of the crisis have already been taken, including amendments to the legislative framework, the impact of the financial crisis on the real economy, the labour market and the citizens is widely felt and visible. The pressure on national financial resources is increasing and further steps should be taken to alleviate that pressure through the maximum and optimal use of the funding from the European Agricultural Fund for Rural Development (EAFRD). In order to facilitate the management of Union funding, to help accelerate the investments in Member States and regions concerned, and to increase the impact of the funding on the economy, I believe it is necessary to allow an increase in the EAFRD contribution rate up to a maximum of 95% of eligible public expenditure in the regions eligible under the convergence objective and 85% of eligible public expenditure in other regions which are facing serious difficulties with respect to their financial stability."@en1
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