On May 6, during its plenary session, the European Parliament adopted a resolution that “aims to bolster the role played by EU funds in helping regions to see out the crisis”, Brussels-based media reported this week.

The resolution prepared by Rodi Kratsa-Tsagaropoulou, Greek MEP from the right-wing EPP group, states that "in special circumstances - such as the economic crisis - greater flexibility can be exceptionally required".

Besides greater flexibility, the resolution also “calls on the Commission and the Member States to monitor, on a continuous basis, the impact of the crisis in various structural and development fields and the use made of the opportunities offered by the financing instruments earmarked for Objective2 primarily to support entrepreneurship and SMEs and bodies working for a social, inclusive economy, with a view to increasing their competitiveness and thus the potential for greater employment”.

Source: Euractiv