On Tuesday 9 October, members of the European Parliament’s regional development committee (REGI) rejected by a large majority (26 for, 2 against and 2 abstentions) the European Commission’s proposals to amend the common provisions regulation in order to allow use of the performance reserve to finance structural reforms.
The performance reserve, which makes up 6% of the budget of investment and structural funds, aims to reward projects that have attained their targets, in order to fulfil...