Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-286"
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"en.20090311.30.3-286"2
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"The report on a European Economic Recovery Plan, adopted today, supports measures proposed by the European Commission which are intended to stimulate the European economy.
Data from the last few weeks do not engender optimism. It is estimated that economic growth in Europe in 2009 will remain at a level below zero. Throughout the EU, unemployment is also growing. This is the most serious recession to have affected the European Community and the first since the introduction of the common currency.
Determined action is therefore needed, leading to the creation of jobs and a real improvement in the economic situation. A key question is, of course, the so-called healing of the financial system, so that enterprises and citizens can have access to credit. This is particularly relevant to small and medium-sized enterprises, which are, surely, the foundation of the European economy. This is why the effective and rapid restoration of the award of credit must be ensured urgently. Aid designated for combating the crisis must not only be directed at rescuing selected sectors. Such aid is unavoidable, but it should also include an ongoing approach to the competitiveness of European industry. In addition, the crisis must not be used as an opportunity to introduce new, excessively burdensome regulations.
I hope that the European Economic Recovery Plan will soon produce results in the form of the first signs of economic stimulation."@en1
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