National School of Applied Economics

National School of Statistics and Applied Economics

For the "Kavala by-pass six viaducts" project the checks were carried out by a group of administrators from the General State Account Department, Ministry of National Economy and Unit for Monitoring and Organisation (M.O.U.) who looked at the progress of the project, the procedures applied by the agency, compliance with national and Community provisions during work on the project, the completeness and legality of the supporting and other documents concerning the declaration of expenditure and the on-site verification of the achievement of the physical objectives.

[6] Prof Gerard Pogorel (Chair), Professor of Economics and Management, Ecole Nationale Supérieure des Télécommunications, (ENST-Telecom ParisTech), France.

In relation to the obligation of drafting resolution plans, the Board, or, where relevant, the national resolution authorities, in the context of resolution plans and when using the different powers and tools at their disposal, should take into account the nature of an entity's business, shareholding structure, legal form, risk profile, size and legal status and interconnectedness to other institutions or to the financial system in general, the scope and complexity of its activities, whether it is a member of an institutional protection scheme (IPS) or other cooperative mutual solidarity systems, whether it exercises any investment servi ...[+++]ces or activities and whether its failure and subsequent winding up under normal insolvency proceedings would be likely to have a significant negative effect on financial markets, on other institutions, on funding conditions, or on the wider economy, ensuring that the regime is applied in an appropriate and proportionate way and that the administrative burden relating to resolution plan preparation obligations is minimised.

27. Calls on the Member States to create appropriate networks for cooperation and the exchange of information, and to set up national or regional long-term public investors which can learn from the best practice of already established institutions; emphasises, in this connection, that such national or regional development banks, which are often structured along cooperative lines, have continued to offer reliable funding to regional and local economies during the current crisis; calls on the Commission and the Member States to streng ...[+++]then their support for financial institutions of this type;