Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-232-000"
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"en.20111026.16.3-232-000"2
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"The report on the proposal for a regulation on the financial rules applicable to the annual budget of the Union, on which I served as rapporteur alongside Ms Gräßle, lays an economic and legal foundation for the Financial Regulation, which today is made firmer with the prospect of financial changes designed to bring about innovation in Europe through the promotion and improvement of infrastructural investments, guarantees and financial methods.
We must spend the resources available to us in the most constructive way possible, investing in the sectors most likely to bring about growth and progress for Europe – a more integrated, competitive Europe equipped with enough resources to move ahead with shared policies and to take the lead on the international stage. Today, the first task must be to stimulate public investors, private investors and the governments of individual Member States to take more courageous action in the financial and economic sphere and, within this framework of mutual cooperation, to tackle any opposition arising from democratic confrontation. In this sense, issuing new financial instruments represents a key aspect of the regulation and supports the market and the financial system of the Union and the Member States."@en1
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