Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-368-562"

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"I voted in favour of this resolution on the attractiveness of investing in Europe because the economic, financial and fiscal crisis in the EU has significantly broadened economic and social disparities among Member States and regions, resulting in an uneven distribution of inward and outward investment across the EU. It is necessary to establish a consistent framework of stability within monetary, fiscal and trade policy in order to facilitate the flow of direct investment in all Member States and EU regions, thereby contributing to correcting the EU’s macro-economic imbalances. Today, we really need to mobilise EU policies to fully support growth, step up efforts to finance the economy through investment and strengthen job creation. Investors are attracted to the EU market mainly as a result of its high-quality and diverse human capital, its emphasis on corporate social responsibility, its relatively predictable business environment and its high potential in research and innovation. Nevertheless, Europe’s weak economic growth, high taxation and high public debt accumulation raise concerns on the part of investors which can be magnified in the face of global competition, especially from emerging economies, as well as the lack of opportunities to exploit the EU’s full potential. The Commission is therefore asked to prepare a communication to evaluate as well as promote the attractiveness of investing in Europe, including policy recommendations to Member States targeted at enhancing the EU investment environment. There is concern about the high youth unemployment figures in a number of Member States and negative employment prospects, particularly in Lithuania."@en1

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