Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-230-937"
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"en.20111201.35.4-230-937"2
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"The European Globalisation Adjustment Fund has been created in order to provide additional assistance to workers suffering from the consequences of major structural changes in world trade patterns. According to the provisions of point 28 of the interinstitutional agreement of 17 May 2006 on budgetary discipline and sound financial management and of Article 12 of Regulation (EC) No 1927/2006, the fund may not exceed a maximum amount of EUR 500 million, drawn from the margin under the global expenditure ceiling from the previous year, and/or from the cancelled commitment appropriations from the previous two years, excluding those related to Heading 1b. The appropriate amounts are entered into the budget as a provision as soon as the sufficient margins and/or cancelled commitments have been identified. As concerns the procedure, in order to activate the fund, the Commission, in case of a positive assessment of an application, presents to the budgetary authority a proposal for mobilisation of the fund and, at the same time, a corresponding request for transfer. In parallel, a trialogue could be organised in order to find an agreement on the use of the fund and the amounts required. The trialogue can take a simplified form."@en1
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