Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-040-000"
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"en.20120522.4.2-040-000"2
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"Mr President, the core issue is how to emerge from the economic crisis, because the outlook is very grave in Europe. Things might go in just the opposite direction from what you hope, Commissioner. It may be that these 24 million small enterprises will make people redundant, and that there will be 24 million new unemployed people.
Perhaps the most worrying thing is that, while Member States are endeavouring to balance their economies, value added tax is now being increased in almost all countries, making it difficult for small service companies. When value added tax goes up, prices rise, and when, at the same time, people’s pay and pensions are cut, there is no demand, and generating demand is now a key issue for service companies, Commissioner Hahn.
That is why the Commission really needs to make every effort to get us out of this economic crisis, and fast. Furthermore, the Member States have to be involved in the process: everything else is of less importance."@en1
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