Measures to help crisis-hit countries to use much needed EU funds have been proposed today by the European Commission. The measures would help these Member States to tackle youth unemployment, to support small and medium sized business and to pay for key infrastructure projects. In the absence of this proposed measure, Cohesion Policy investments for growth could be lost because of a lack of time to spend the money or because of the difficulty of finding national and private co-finance in the current economic climate.
via Regional Cooperation - Institutions http://regional-cooperation.eu/institutions.xml