Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-355-500"
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"en.20111213.26.2-355-500"2
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"I voted for this ordinary legislative procedure because I believe that balanced regional development is a core value of the European Union, which, in the long term, will contribute to overall economic growth. Due to the economic crisis and poor governance, several of the Member States have, in the last three years, been obliged to request financial assistance in order to cover budgetary expenditure and stabilise the financial situation. Under these circumstances in particular, people in the countryside, whose economic situation depends on regional spending on EU-funded projects, risk unemployment and poverty. During the economic downturn, it is much more difficult for businesses to provide the 25% cofinancing for project implementation, but this makes the overall situation of the regions worse. That is exactly why today, we have adopted a decision that the European Union will have to finance up to 95% of the cost of rural development projects. This is a temporary support to the Member States which will be in force for two years and will facilitate project implementation. Finally, I should like to thank the Chair of the Committee on Agriculture and Rural Development and the rapporteur of the ordinary legislative procedure, Mr De Castro, for his work, so that we could accept these amendments."@en1
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