Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-237-500"

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"en.20121026.23.5-237-500"2
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"Under the provisions, the introduction of financial instruments was intended to provide an opportunity for increasing the amount of investment in the European Union when the market is not operating effectively. That was why, when preparing the Union’s budget, 1.3 % of the Union’s budget was allocated to financial instruments. There are clearly defined legal and budgetary provisions regulating use of the financial instruments. In practice, these provisions help to ensure correct and efficient management of public funds. However, my decision to abstain from voting was due to the fact that the impact of the financial instruments in the area of cohesion policy varied across Member States. This was due to the poor quality of the legislative framework, resulting in delays in the implementation process. In addition, the financial instruments were not always developed in a coordinated manner, resulting in duplication."@en1

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2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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