Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-09-Speech-3-260"
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"en.20080409.26.3-260"2
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"Madam President, Europe has a rich and diverse cultural heritage and one which enriches our lives, not just aesthetically but economically. The sector contributes 2.6% of the EU’s GDP, as has been said. It shows higher growth than the economy in general and over five million people are employed in it.
These are three very clear reasons why the Commission should keep its hands well away, unless we want to see culture go the same way as fishing and agriculture. However, the trading deficit in motion pictures alone between the EU and the United States grows year on year as European audiences choose American, rather than European, products. That deficit, according to the latest figures, was GBP 7.2 billion in one year alone.
Free from the restraint placed on them by reliance on state funding, the six major US motion picture companies turned over USD 42.6 billion in 2006, whilst, according to a report by the European Audiovisual Observatory, the overall situation of the European film industry is deteriorating. That is because subsidies and legislation do not inspire artists – they breed bureaucrats and parasites."@en1
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