The Council of the European Union adopted on the 5th of December 2013 the regulation facilitating the use of Structural and Cohesion funds for the current programming period, which has already been approved by the European Parliament (late November) and the European Commission. The regulation aims to decrease the impact of the current economic crisis.

Graph from the report EU Cohesion Policy contributing to employment and growth in Europe Source: European Commission

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Brussels, 1 December 2011 – Today, only 4 months after Commission's proposal (IP/11/942), the European Parliament agreed to supplementary EU co-financing to countries facing particular difficulties in managing public debt/deficit and ensuring financial stability.