New European funds model threatens Madeira and Azores

A new European funds model puts at risk the financial autonomy of Madeira and the Azores by providing for the merging into a single national envelope of the support currently managed autonomously by these autonomous regions. The future rules raise fears of greater control by the central State, less regional decision-making power and possible penalisation of local companies, both small and large. PS MPs have already demanded answers and guarantees from the Republic's Government on this matter.

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