The President of the Committee of the Regions, Ramon Luis Valcárcel, expresses appreciation for the agreement reached at the Permanent Representatives Committee of the Council (COREPER) on 2014-2020 cohesion policy rules.
"We congratulate the negotiating teams for this encouraging outcome" said President Valcárcel, before adding that: "Now all efforts should focus on making EU funding for growth and employment available for beneficiaries as soon as possible". In this perspective, according to the CoR President: "The formal adoption of the deal can provide EU regions and cities with a clear regulatory framework which is crucial to boost the finalisation of the partnership agreements as well as of the operational programmes. We need to launch the next phase of structural funds as soon as possible in 2014".
Reiterating the CoR's opposition to macro-economic conditionality, President Valcárcel said: "While recognising the efforts put in place in the negotiations, we are deeply concerned about this unjustified rule that can seriously threaten the financial stability of regional investment strategies. It will unfairly punish regions and cities as a consequence of decisions that are not in their hands". The Committee will carefully assess the outcome of the negotiations with this concern in mind and would consider legal action if it feels that the Treaty provisions have not been fully respected.