Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-646-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20110510.66.2-646-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"The question addressed to the Commission actually implies the diagnosis of the real state of the economy in Europe, as well as the prescription. I can share to some extent both the diagnosis and the prescription. Yes, we are in a Europe of austerity, meaning socially painful savings, politically costly and economically necessary, but challenging to some extent for the very fragile recovery of the European economy.
The European Commission is a strong supporter of fiscal consolidation as a precondition for sustainable growth, but we are more than ever conscious of the sensitivity of the economic debate now being discussed as the ‘relaunch versus austerity’ problem, and this was discussed even today in the College. When you take the long run and when you read the 2020 Strategy, this is clear, as it is with the relaunch of the Single Market strategy, but this is about the unlocking of the potential of the European economy. The European budget should be the answer right now as we need growth and jobs right now.
This is because of the specific nature of the European budget, with its focus on investment. The national budgets are mainly about social transfers; the European budget is mainly about investment and therefore could have a multiplying effect on jobs and growth and when we see the proposal for 2012, what is growing, with competitiveness, is cohesion, that is structural funding, and research and development; the other category of growing expenses is on migration. So this type of expenditure is conducive to growth and jobs. In the long run the same should be valid for the proposal we are to reveal at the end of June for the next financial perspective, adding a lot on top of what I have mentioned relating to the energy and trans-European infrastructure generally that is also conducive to growth and jobs.
Therefore I can say that the European budget, due to its nature, could be the delivery mechanism in a time of austerity to replace the investment cut normally at the national level. Therefore we should exploit this potential of the European budget to its limits."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples