Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-26-Speech-4-039"

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"Mr President, ladies and gentlemen, in several respects the EU economy is further away from its goal of becoming the world’s most competitive economy than was the case in 2000. The continued under-performance of the EU economy is a result of the fact that its labour input remains comparatively low, particularly in the case of young people and older workers. A further problem is the low level of productivity growth, which is due to a slowdown in the rate of technological progress and innovation and a slow take-up of information and communications technologies. In this context, the European Union and its Member States should put the emphasis on investment in knowledge. The realisation of a knowledge society, based upon human capital, education, research and innovation policies, is necessary to boost our growth potential and to prepare for the future. Europe needs to invest more in human capital and life-long learning for the benefit of individuals, businesses and society as a whole. We must not forget that knowledge-based economies require different skills from traditional industries, and that these skills constantly need updating in the face of technological change and innovation. If they are to remain in work and climb the career ladder, employees need to renew their knowledge and skills regularly. Education and training systems must therefore meet the needs of the economy. Knowledge accumulated through investment in research and development, innovation and education is a key driver of long-run growth. Yet the draft budget for 2007-2013 presented by the Luxembourg presidency involves drastic cuts to spending on science, research, education and transport. These cuts would amount to a drop in funding of over 40% in relation to the original proposal, or in other words of EUR 50 billion. In my opinion, we should not set ourselves ambitious goals if we subsequently fail to secure the necessary funding for them."@en1

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