Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-172-000"
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"en.20111116.18.3-172-000"2
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"The European Globalisation Adjustment Fund provides additional support to workers across Europe who are suffering the effects of major structural changes in world trade patterns. It finances measures such as occupational orientation and further training programmes, but also new businesses and helping people into self-employment. In the Commission’s assessment, the application from Ireland – where the construction industry has taken a severe battering as a result of the financial crisis – meets the eligibility criteria set out in the Regulation establishing the European Globalisation Adjustment Fund, and it is recommending to the budgetary authority that the application be approved. This will fully utilise the reinforcement of budget line 04 05 01 and, in accordance with the Regulation establishing the European Globalisation Adjustment Fund, more than a quarter of the annual maximum amount of the fund will remain available to cover needs arising in the last four months of 2011. The Fund can be utilised up to an annual upper limit of EUR 500 million. I am in favour of this use of the European Globalisation Adjustment Fund."@en1
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