7. Welcomes the launch of the Joint Operational Programme for Cross-Border Cooperation in the Black Sea Basin under ENPI and believes that the large number of applications received reflects a high degree of interest i
n joint cooperation projects in the Black Sea region; applauds the approval of 16 new projects by the Joint Monitoring Committee in November 2010; believes, however, that the slow pace of the programme's functioning reflects the shortcomings of the current funding mechanisms; points, in particular, to the legal difficulties relating to the need to fund participants from different financial instruments, and calls o
n the Comm ...[+++]ission to devise solutions to eliminate such obstacles; takes the view that investment projects could also be covered by the programme;