Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-263-500"
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"en.20111201.35.4-263-500"2
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"This proposal aims to harness cohesion policy in order to provide additional financial resources to Member States such as Greece and Portugal, which face huge difficulties in managing their debts. This proposal allows for additional financial assistance through cohesion policy by allowing for a temporary ‘top-up’ increase of present cofinancing rates by up to 10%. While cohesion policy can be used as a tool to assist those Member States who are struggling to finance quality public investments, it is questionable whether this proposal is an adequate reaction to the economic and fiscal problems in the Member States concerned. In many ways, it is just as important to pay attention to the quality of the supported projects and their potential contribution to economic growth, rather than merely seeking to maximise absorption rates of Structural and Cohesion funding in the Member States concerned. Moreover, the proposed arrangement can appear unfair, in that operational programmes in Member States which managed their public finances more carefully will be subject to less favourable cofinancing conditions than those Member States such as Greece, thereby creating a perverse reward for financial irresponsibility. Given these factors, I was unable to support this proposed measure and opted to abstain."@en1
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