Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-26-Speech-3-055"
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"en.20080326.4.3-055"2
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"The lesson to be learned from the March summit is that the world’s financial markets, and global flows of goods and capital, are poised between Scylla and Charybdis, and only responsible strategic thinking based on Community policy can help to avert the increasing uncertainty and shock to the European Union’s economy.
These fault lines, as we know, are not only breaking up the global economy. In the Presidency conclusions of the Council meeting, considerable emphasis is given to a multifaceted interpretation of cohesion, which will be able to rely to an extent on Community resources, but there is also a warning inherent in the call upon national policies to speed up the reduction of their deficits and debt, and to spend any unexpected surplus income on this. In other words, the hole in the budget is not just a matter for Member States; it is also an impediment to implementation of European Union cohesion policy.
After all the fine pronouncements, it is time for decisions and for binding regulations, even if these sometimes entail announcing painful consequences. As far as I am concerned, the first priority is unquestionably to increase young people’s knowledge capital. Increasing the kind of knowledge that also reaches poor people, Roma people and immigrants. Increasing the kind of knowledge that is European and broad-based, the kind of cohesion policy that does not rob poorer Member States of their intellectual capital by way of a ‘brain drain’, but that also finds a way, with solidarity, to reproduce the increasingly global and continuous flow of knowledge capital. In this way, investment in people will represent a special comparative advantage in the global market, and movement of knowledge capital will not represent the threat of some new kind of delocalisation, but rather a source of wealth on a European scale."@en1
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