Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-090-000"
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"en.20120703.5.2-090-000"2
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"Mr President, Europe stands before one of the most difficult challenges ever: to get out of the worst economic crisis of the post-war period and, at the same time, take the European project forward. This is not an easy task; if it is to succeed, the EU and its Member States must start conducting a more balanced economic policy – single-minded austerity is not enough.
The EU must also seriously attack the problem that, for decades, we have set aside insufficient resources for growth-enhancing investments. Therefore, I am very happy with the broad support for my report on project bonds, to be issued tomorrow. I am also happy about the European Council conclusions on the Compact for Growth and Jobs and the detailed guidelines for the Union’s own actions and budget in this context. EUR 55 billion will be devoted to growth-enhancing measures in the current period.
However, there is still a question mark: to have concrete effects on the ground, the EU budget will need payments. These EUR 120 billion, with very concrete proposals for EUR 55 billion, must lead to concrete projects with rapid effects on jobs and growth, particularly in the most vulnerable regions in Europe. But for that to happen, the Council and the Member States must change their rigid position on the payments level in the European Union budget, because otherwise – unfortunately – this will be another round of empty promises."@en1
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