Text tabled : A7-0405/2011

  Kyriakos Mavronikolas (S&D), in writing. – (EL) The EU will finance up to 95% of the cost of projects that contribute towards rural development in Greece, Ireland, Portugal, Latvia and Romania, in order to support their economic recovery, by speeding up investments and improving competitiveness. This increase in cofinancing rates via the European Agricultural Fund for Rural Development (EAFRD) is needed in order to ensure that countries facing liquidity problems due to the present, unprecedented, fiscal crisis, which is undermining their prospects for growth and limiting public financing, can continue to implement their projects in practice.