Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-354-250"
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"en.20111213.26.2-354-250"2
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"The euro area and Europe as a whole have been plunged into the worst crisis since 1945, amid unprecedented financial turmoil. This crisis has hit a number of States particularly hard and is threatening the stability of Europe as a whole. That is why the agreement reached by the Heads of State or Government on Friday 9 December must be accompanied by concrete measures to enable those States worst hit by the crisis to pursue their projects and investment programmes for the future. For Europe is also about solidarity. When funds exist, and programmes and projects have got under way but cannot be completed due to a shortage of funds in States in the grip of financial difficulties, it is up to the EU to act quickly by putting in place appropriate financial assistance on an exceptional basis and with the guarantee that there will be no long-term budgetary effects. The decision to support six States by temporarily raising EAFRD contribution rates and consequently lowering national contributions is a logical solution and is consistent with the decision taken at the end of November to raise the cofinancing rate for the Structural Funds."@en1
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