Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-404-000"

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"Mr President, there are three important issues for the summit tomorrow. The first is to continue consolidating the national budgets. That is not an end in itself, Mr Bullmann. If investment levels are currently low or even at zero, as you say, then there is a reason for this. We are paying interest on the debts that we have accumulated in the past instead of building schools. We are paying interest instead of building roads. We are paying interest instead of investing in innovation and research. We need to continue consolidating the national budgets so that we can begin investing in these areas again. The second important topic is structural reforms. Productivity, efficiency, competitiveness, entrepreneurship and an appropriate level of taxation for businesses will all help to ensure that the Member States and their markets are competitive. It concerns me that the labour market reforms in Italy have come to a stop. We need to abolish Article 18. I do not understand how anyone can be opposed to that. The third point is growth. How do we intend to finance it? The UK is not prepared to go along with the financial transaction tax. This amounts to false accounting. The European Investment Bank is a much better solution. In addition, the Commission must finally submit proposals as to how we can mobilise the available money in the Structural Funds for use in Greece and the other countries, because we have already been talking about this for two years. We gradually need to introduce some concrete measures. We have been talking about this for two years without anything being done."@en1
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