Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-273-750"
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"en.20120419.15.4-273-750"2
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I am voting for this proposal, since it is particularly useful when this serious economic and social crisis is affecting the whole of Europe, especially the countries currently in receipt of outside aid, such as Portugal, Greece or Ireland. There is also a need to tackle those Member States whose financial stability is under threat, such as Spain and Italy, which could in turn affect the entire EU’s macroeconomic stability. Therefore, I also believe it is clear that the countries that I have mentioned will not be able to escape the crisis without the proper use of cohesion policy, with European cofinancing essential to generating reproductive investment projects. As I have always argued, this proposal will enable the transfer of part of the funds allocated to cohesion policy to these Member States in the 2007-2013 period. This could cover risks from loans and offering guarantees to project promoters, and the proposal, as it is, would not involve any changes to the overall allocation to the cohesion policy for the 2007-2013 period."@en1
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