Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-184-500"
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"en.20110929.18.4-184-500"2
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"The European Globalisation Adjustment Fund was created in 2006 with the objective of supporting and showing solidarity with workers made redundant as a result of significant structural changes to the patterns of world trade. The EGF aims to facilitate the professional reintegration of workers in areas, sectors and territories affected by economic disturbances by cofinancing active measures in the employment market.
In view of the scale of the economic and financial crisis and the rate at which it has spread, the Commission provided in the European Economic Recovery Plan for a review of the EGF Regulation. In this context, a temporary derogation was created to expand the scope of the EGF to include workers made redundant as a direct consequence of the economic and financial crisis and to increase the EGF cofinancing rate from 50 to 65%, and this comes to an end on 30 December 2011. With a significant increase in the number of requests for intervention, the expected continuation of the effects of the crisis on the closure of companies, and the need for budget consolidation in the Member States, it is justified to continue the temporary derogation, and I voted in favour of it in the European Parliament plenary session."@en1
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