Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-255-500"

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"en.20111201.35.4-255-500"2
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"The European Union must overcome a protracted economic and financial crisis that has an extremely negative impact on the budgets and macro-economic stability of Member States. The use of regional funds is seriously endangered as a result, as it is increasingly difficult to produce the Member State portion of cofinancing. In the light of all this, I welcome the European Commission proposal for a temporary ten percentage point increase of the cofinancing rate in the case of Member States facing particular difficulties as regards public debt and financial stability. The total cohesion policy support received by the Member States affected by the provision (Hungary, Romania, Latvia, Portugal, Greece and Ireland) would not change on the whole. I am pleased that there were no considerable differences of opinion between the political groups, that the negotiations could be concluded within a short period of time, and that the vote on the report can therefore take place during the current plenary sitting, with the disbursement of support beginning in early 2012."@en1

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