Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-404"

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"en.20100519.22.3-404"2
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"The European Union is facing an economic, financial and social crisis at present. The policy of deindustrialisation pursued in recent years has resulted in the loss of millions of jobs, the relocation of European industry to third countries and to a 10% unemployment rate, which is even 20% among young people, thereby jeopardising the EU’s competitiveness. I believe that the European Union needs to make huge investments in the transport and energy infrastructure, in agriculture, health, education and research but, above all, in sustainable economic development. The development of industrial production and, by extension, the creation of jobs in the EU requires investment in modernising European companies so that these developments can lead to greener production. In the next 10 years, energy efficiency must be our top priority. On top of this, the EU population is ageing and the birth rate is falling, while the high unemployment rate is affecting the sustainability of the pension systems. I believe that the time has come for the European Union to defend its fundamental principles and assets, and the biggest asset which the EU has is its 500 million European citizens."@en1
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