Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-352-500"
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"en.20111213.26.2-352-500"2
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"This proposal for a regulation recognises the negative effects of the severe crisis affecting certain Member States, such as Portugal, by using funds from cofinanced Community programmes such as the structural and cohesion funds and the European Agricultural Fund for Rural Development. Prior to this, restrictions on public investment, imposed under the pretext of the irrational Stability and Growth Pact (SGP), had the same effect.
We have long advocated the increase in the Union’s cofinancing rate for these Member States, which have difficulty in using EU funds at a time when they are most needed, due to the amounts of cofinancing required. After a regrettable delay, an increase in the Community contribution has now been proposed. In particular, for regions eligible under the convergence objective and the outermost regions, Community cofinancing is increased to 95%, while for other regions it will be 85%, until the end of 2013.
However, this proposal by the Commission does not include – as it should – the budget at the disposal of each of the countries that are in difficulty, so the practical result, owing to the reduction in national contributions, will be a reduction in the overall sum intended for investing. There is therefore a need for the Commission to consider actually increasing the Union funding available to these countries, as well as abolishing the irrational criteria of the SGP, thus freeing up the necessary public investment."@en1
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