Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-23-Speech-4-120"
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"en.20081023.21.4-120"2
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"For twenty-seven countries to have a European budget in the region of EUR 130 billion – that is to say, the equivalent of Spain’s budget, and that alone – is, under normal circumstances, already rather strange.
Nevertheless, it is thus that, in a Europe that lacks high-speed rail links between Finland and Spain, and between France and Poland, as well as equipment and staff for the universities, research centres and retirement homes of a continent submerged by the geriatric tsunami, the worldwide crisis of interbank liquidity, of the real estate shock on several economies and of the decline in confidence of entrepreneurs and workers, a budget effort is required that is far removed from the usual European budget.
We therefore require exceptional budget programming for a major infrastructure plan, approved via a major ‘European financial referendum’. By this I mean a European loan, of an amount equivalent to EUR 1 700 billion, raised by the banking sector."@en1
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