Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-347-750"

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"en.20111213.26.2-347-750"2
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"I voted in favour of this resolution on certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability. As a consequence of the financial and budgetary crisis, some Member States are facing budgetary constraints which might prevent them from fulfilling their commitments in cofinanced Community programmes (the structural and cohesion funds, the European Agricultural Fund for Rural Development (EAFRD) and the European Fisheries Fund). These Member States run the risk of losing Community support provided through the EAFRD unless they provide proof that they allocate matching national funding. I therefore welcomed the Commission’s proposal to temporarily increase the Union’s maximum cofinancing rate for programmes running in Member States which receive support under the European Financial Stabilisation Mechanism (currently Greece, Ireland and Portugal) and the balance of payments facility for non-euro area Member States (currently Latvia and Romania). This temporary increase in Community cofinancing, provided on the basis of an application submitted by the Member State concerned, would help to reduce the amount of matching national funding required in the 2011 and 2012 budget years. I am convinced that this funding model would help allocate available funds to the rural economy and would contribute to the general economic recovery of these Member States and throughout the EU itself."@en1

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