Press Release: Commission welcomes the top up of co‑financing rates for Europe’s struggling economies

The Commission's proposal to provide supplementary EU co‑financing to countries facing particular difficulties in managing public debt/deficit and ensuring financial stability was agreed by the European Parliament.

The agreement follows only 4 months after the Commission proposal was tabled as part of the package adopted on 1 August to increase the EU co‑financing in cohesion, fisheries and rural development policies for countries that have received financial assistance under the balance of payments support mechanism (Romania, Latvia and Hungary) or under the European Financial Stability Facility (Greece, Ireland and Portugal). The agreement by the Council, which will complete the adoption process, is expected to take place soon.