Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-02-21-Speech-4-041"
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"en.20080221.3.4-041"2
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"Mr President, Commissioner, reducing the social and economic disparities between European regions is a fundamental aim of the European Union. We are aiming to create a Europe where all regions are equal.
Following the latest enlargements, it has become increasingly necessary to strengthen the cohesion aim. This is because, according to certain estimates, at the present rate of economic growth, countries such as Poland, Bulgaria and Romania will take more than 15 years to reach a level of GDP equal to 75% of the average for the Union.
Full use of structural funds pursuant to Community legislation is a
for reducing social and economic disparities between European regions. This applies especially to the new Member States. The latter are experiencing many problems. For example, Polish local authorities have recently had to cope with difficulties caused by the continuous fall in the value of the euro in relation to the Polish currency, thus reducing the actual value of Union funds allocated to the implementation of regional projects that had already been confirmed.
In addition, the cost of labour and production in Europe is constantly rising, which leads to an increase in the cost of investments funded from Union resources and to a reduction in the value of those funds in real terms. Consequently, implementation of many Union projects is threatened."@en1
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