Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-031"

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"en.20101007.5.4-031"2
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"Mr President, Parliament’s Special Committee on the Financial, Economic and Social Crisis has concluded that one of the key instruments to aid economic recovery should be that of cohesion funding across all regions of the EU. My nation of Wales is currently in receipt of cohesion funding, and given how badly the private sector in this region has been affected by the economic downturn, I and many others recognise the value of these funds to potentially transform the economy. Funds, of course, need to be put to good use in sustainable projects, hopefully with many SMEs benefiting both directly and indirectly in order to ensure the return on investment for a future investment programme in these regions to use. The cohesion funding should be a mechanism for stimulating economic growth across the EU, but needs to have a specific goal as supporting SMEs and entrepreneurs who are the backbone of our economy. Investment, not spending, should be the goal, pre- and post-2013."@en1
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