Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-354-375"

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"en.20111213.26.2-354-375"2
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"As a consequence of the financial and budgetary crisis, some Member States are facing budgetary constraints which might prevent them from fulfilling their commitments in cofinanced Community programmes (the structural and cohesion funds, the European Agricultural Fund for Rural Development (EAFRD) and the European Fisheries Fund). These Member States run the risk of losing Community support provided through the EAFRD unless they provide proof that they allocate matching national funding, as defined in Article 70 of Regulation (EC) No 1698/2005, no later than two years after the year initially set for the payment (n+2 rule). Against this backdrop, the Commission proposes temporarily increasing the Union’s maximum cofinancing rate for programmes running in Member States which receive support under the European Financial Stabilisation Mechanism (currently Greece, Ireland and Portugal) and the balance of payments facility for non-euro area Member States (currently Latvia and Romania). This temporary increase in Community cofinancing, provided on the basis of an application submitted by the Member State concerned, would help to reduce the amount of matching national funding required in the 2011 and 2011 budget years. I welcomed this document because it would help allocate available funds to the rural economy and would contribute to general economic recovery in these Member States."@en1

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