Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-233-046"
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"en.20121023.13.2-233-046"2
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"The regulation lays down rules for financial instruments, including the definition of their scope and control and the duty to present reports on the mechanisms and their financial risks to the Union budget. Although the EU is one of the world’s largest donors, it only contributes to existing funds, namely those of the United Nations or World Bank, which results in limited visibility for the EU with regard to its performance and priorities. As a result, these new rules will give the Commission independence to establish investment funds as an international cooperation instrument, which are extremely important tools for disaster and development aid operations. The budget rules also include the innovation of incentive premiums, which are an instrument for promoting research projects. It is also proposed to extend the obligations for EU Member States to present reports, particularly with regard to the use of Structural Funds. The Commission receives further rights and duties over national payment agencies and supervisory authorities. The rules on audits and sanctions for irregularities will also be improved, with a view to harmonising the complexity and number of financial rules. I voted in favour."@en1
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