EU Energy Policy

EU funding under new cohesion policy to be more conditional from 2013

The possibility that the EU would suspend cohesion policy payments if a state presents a macroeconomic imbalance or excessive deficit will be a “measure of last resort,” said EU Regional Policy Commissioner Johannes Hahn on Thursday.
By Energy Monitor 10 October 2011 0 1371

The possibility that the EU would suspend cohesion policy payments if a state presents a macroeconomic imbalance or excessive deficit will be a “measure of last resort,” said EU Regional Policy Commissioner Johannes Hahn on Thursday.

He was presenting the European Commission’s proposal for cohesion policy funding rules during the bloc’s next long-term financial programming period.

The proposed new rules would potentially allow the Commission to suspend payments to projects from cohesion policy funds – including strategic pan-European energy infrastructure projects that will be co-financed from the...