Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-364"
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"en.20081118.30.2-364"2
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"Is it not time we had something like a Marshall Aid Plan, perhaps a Sarkozy Plan for Europe?
How would you fund that? Supposing China was to lend money to the European Investment Bank or the European Bank for Reconstruction and Development and you were to give grants to Member States – that would not affect their debt/GNP ratio.
How would you refund it? From the customs and excise that you would collect from trade and perhaps from an extra 0.5 % VAT contribution from the Member States who would draw down this facility.
Will you give consideration at your December meeting to a Marshall Aid-type plan and stop tinkering at the edges? We are now just entering into this recession, and, if we take it head on with calculated risk, we can see our way through it."@en1
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