| Author (Person) | Pop, Valentina |
|---|---|
| Series Title | EUObserver |
| Series Details | 1.8.11 |
| Publication Date | 01/08/2011 |
| Content Type | News |
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EUObserver reported EU Regional Policy Commissioner Johannes Hahn saying on the 1 August 2011 that cash-strapped Greece, Portugal, Ireland, Romania, Hungary and Latvia may get a €2.8 billion cash boost under an 'emergency package' allowing them to have the EU contribution to farming, regional and infrastructure projects increased from 85 to 95%. Under supplementary EU co-financing, vital for growth and competitiveness-boosting projects in each one of these countries will become available. As a result, each of these countries will have to find less national match-funding at a time when their domestic budgets are under considerable pressure and therefore programmes that have not been executed so far for lack of national funding may be launched and inject fresh money in their economies. |
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| Source Link | http://euobserver.com/9/32671 |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe, Greece, Hungary, Ireland, Latvia, Portugal, Romania |
