Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-626-000"

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"Mr President, I would just like to make two points. ITER is an intercontinental project. Therefore, contributing what it agreed to deliver is a matter affecting the credibility of the European Union. However, as indicated in the discussion, the project has experienced cost overruns. There is also the real problem of management being delegated to the Fusion for Energy joint undertaking. However, there is some good news. ITER has to be audited by the Court of Auditors and falls within the scope of a discharge procedure. We can, therefore, draw conclusions in order to avoid such problems of budget overruns in future intercontinental projects. The second point should be obvious to Ms Andreasen. The 2011 budget faced a problem in that more than EUR 10 billion allocated to legitimate projects could not be disbursed, for two reasons: the shortage of money and the inflexibility of the Financial Regulation. This has caused the current problem we have in 2012, namely how to make up this shortfall for 2011 out of revenue from the 2012 budget. You need some insight into how the EU budget works in order to understand the paradox of a small surplus and some underspending The real problem concerned more than EUR 10 billion that should have been paid out in 2011 and could not be disbursed."@en1
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