Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-225-875"

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"en.20111201.35.4-225-875"2
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"Against. Today’s budget vote rubberstamps a scaling-back of ambition for the EU and the prospects for a European response to the crisis. The EU budget is a key instrument for European investment and should be a key instrument for stimulating European economic recovery in response to the crisis, but this deal will reduce its ability to do so. The proposed spending in key areas will also fail to ensure the sustainable transformation of the European economy. Instead of prioritising investment in green technologies, the budget allocates a disproportionate amount of funding to nuclear energy vis-à-vis safe and sustainable energy technologies, like renewables and energy efficiency. All of this ignores the ticking budgetary time bomb that is the ITER nuclear fusion project. Despite the blind focus on cutbacks across the budget, the Council is still insisting that the ballooning costs for ITER are met under the EU budget. Instead, with nuclear fusion a technology that will not be commercially viable before 2050, if ever, the Council should finally give up on pouring public funds into this hugely expensive white elephant."@en1
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