Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-262-500"
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"en.20111201.35.4-262-500"2
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"In favour. The European Union is being confronted with the persistence of the economic and financial crisis having an alarmingly negative impact on the macro-economic stability and budget of Member States. Reductions in national financial resources available to finance public investments have become a clear constraint to cohesion policy implementation and absorption of Structural Funds in some countries. Member States eligible for this measure are defined (1) as those EURO countries that have received financial assistance under a programme from the European Financial Stabilisation Mechanism (EFSM) or (2) those NON-EURO countries that that have received financial assistance from the Balance of Payments (BoP) mechanism. The way to provide additional financial assistance through cohesion policy is a ‘top-up’ of the cofinancing rate, allowing for an increase in payments to the countries eligible. The EC proposes a ten percentage point top-up of the applicable cofinancing rates for the priority axis of the programmes."@en1
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