Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-182-000"
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"en.20110929.18.4-182-000"2
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"The purpose of the European Globalisation Adjustment Fund, which was established in 2006, is to cofinance active labour measures for workers who have lost their jobs as a result of the structural changes in global trade patterns. Within the context of the economic and financial crisis, the scope of the fund was extended in 2008 so that it could also be used as an instrument for early effective measures to overcome the crisis. An interim review has now shown that most of the applications submitted by the Member States in respect of the crisis could not have been made without this temporary derogation. Whilst a slight economic recovery is discernible for 2011, the situation in the labour market remains problematic. To provide some relief for public finances in the Member States, the increased European Globalisation Adjustment Fund cofinancing rate of 65% is to be extended in time. This measure is to be welcomed. I voted in favour of this extension."@en1
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