Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-997"
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"en.20101124.15.3-997"2
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"On 24 September 2010, the European Commission put forward a proposal on a decision by the European Parliament and the Council relating to the mobilisation of the Solidarity Fund, on the basis of the provisions of item 26 of the interinstitutional agreement (IIA) of 17 May 2006. This was the first proposal for mobilisation of the Solidarity Fund within the 2010 financial period. The IIA allows for mobilisation of the Solidarity Fund up to a maximum annual limit of EUR 1 billion. It is important to note that the purpose of the Fund is not to provide compensation for private losses, but to repair infrastructure, and the Fund is a re-financing instrument.
The Irish authorities estimate total losses caused directly by the disaster to be EUR 520.9 million. The Commission proposes the mobilisation of EUR 13 022 500 of the maximum limit of EUR 1 billion in commitment and payment appropriations relating to the effects of the flooding in Ireland. The legal requirements having been fulfilled, I agree with this amending budget."@en1
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