Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-12-14-Speech-2-180"
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"en.20041214.12.2-180"2
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"Mr President, ladies and gentlemen, investment conditions in the countries of the European Union are favourable at the present time. We have low interest rates, there are no inflationary pressures, and we have sufficient reserves. If we compare the economy of the European Union with the economy of the United States, however, we have to say that investors achieve a greater profit and a quicker return on their investment in the United States with the same level of investment. The European Union must therefore orientate itself towards structural reforms at all levels and in all its institutions. It is not appropriate to measure the effectiveness of the financial resources invested in particular areas and industries only on the basis of their scale. In the absence of feedback enabling us to evaluate quantitative indicators, we must integrate and advance the measurement of quality and the measurement of added value. This also goes for science and research, as Herr Wurtz has said today. The Member States must be engaged in this process. Each one of them should draft their own Lisbon Strategy, their own financial perspectives and base their revenues and costs on them. We all know that the main battleground for the Lisbon targets is the implementation of reforms at a national level. I mention all of this because when we talk about the annual budgets, financial perspectives and the Lisbon Strategy, we always talk about collective pots. We have finally reached a compromise in our discussions on the budget for 2005. I believe that we can approve the budget collectively. I would like to thank all the members of the Budgetary Committee for their constructive approach. We all know that the 2005 budget is a transitional budget. The drafting of new financial perspectives lies ahead of us. With the help of these we will have a chance of making a better start on the Lisbon Strategy, which would then take on a different quality."@en1
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