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8.10 Performance and Contingency Reserves

The Irish Government has exercised its authority not to establish a national performance reserve for allocation in 2011, as provided for in Article 50 of the General Regulation. The Irish Government has also decided not to reserve a 1% proportion of the Cohesion Policy annual contribution to cover unforeseen local or sectoral crises linked to economic and social restructuring, in accordance with Article 51.

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