Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-224-000"

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"The Solidarity Fund was established on the basis of a decision taken by the Council in November 2002 aimed at allowing the EU to respond to natural disasters. This mechanism allows the European Union to provide financial support to Member States or regions affected by natural disasters. A total of up to 50% of overall eligible losses can be allocated for this purpose. As we know, the regions of Liguria and Tuscany were hit by a natural disaster at the end of last year, which caused enormous losses estimated at around EUR 722.5 million. There can be no doubt that this is reason enough to allow Italy to make use of the abovementioned Stability Fund. The Commission’s proposed funding of EUR 18 061 682 will undoubtedly help to mitigate the effects of the flood, but we should be aware that it may take years to reconstruct these regions. Any funding now received by Liguria and Tuscany is extremely important."@en1

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