Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-456-187"
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"en.20121023.45.2-456-187"2
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"Draft amending budget 4 translates in the EU budget (creation of new budget lines) the May 2012 agreement reached between Council and EP to enable those Member States experiencing or likely to experience serious difficulties with respect to financial stability to re-use/re-target some of the funds they receive in the frame of the cohesion policy via the setting up of risk-sharing instruments. The main idea is to address the problem of the lack of cofinancing that has occurred in recent years in those countries by putting in place a financial engineering mechanism which should attract more easily private (and public) funding to complement the EU’s public funds."@en1
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