17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa

(46) Council Regulation (EC) 2236/95 of 18 September 1995 26 laying down general rules for the
granting of Community financial aid in the field of trans-European networks and Regulation
(EC) No 680/2007 of the European Parliament and of the Council should accordingly be
repealed.
(47) The financial interests of the European Union should be protected through proportionate
measures throughout the expenditure cycle, including the prevention, detection and
investigation of irregularities, the recovery of funds lost, wrongly paid or incorrectly used
and, where appropriate, penalties.
(48) Some of the infrastructure projects of Union interest might need to link with and pass through
neighbourhood, pre-accession and other third countries. The Connecting Europe Facility
should offer simplified means of linking and financing these infrastructures, in order to ensure
coherence between internal and external instruments of the Union budget.
(49) Since the objectives of the action to be taken, and in particular the coordinated, development
and financing of the trans-European networks, cannot be sufficiently achieved by the Member
States and can therefore, by reason of the need for coordination of these objectives, be better
achieved at Union level, the Union may adopt measures in accordance with the principle of
subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the
principle of proportionality, as also set out in that Article, this Regulation does not go beyond
what is necessary in order to achieve those objectives,] 27
HAVE ADOPTED THIS REGULATION:
26 OJ L 228, 23.9.1995, p. 1.
27 Recitals to be revised in the light of the changes made to the articles.
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ANNEX DG E 2 A E