Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-050-000"

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"en.20121023.4.2-050-000"2
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"Madam President, this House is stretching the meaning of the word ‘investment’ beyond elasticity. Can any MEP claim that the many billion euros of taxpayers’ money spent on the Lisbon Agenda have delivered any return? Let us look at the evidence. In 2007, EU unemployment was 7.3 %; today it stands at 10.5 %. In Spain, one of the biggest recipients of cohesion funding over recent years, the jobless figure today sits at 25 %. GDP for the European Union has been flat. We should also not forget that the Court of Auditors has not given EU spending an overall clean bill of health for over a decade. The MFF has been built around a legacy of failed projects, and the 2014-2020 MFF simply seeks to top up those failed projects. Employment comes from new industry and new industry requires capital, flexibility and less red tape – none of which the European Union helps with. The MFF needs a haircut and not a Financial Transaction Tax to pay for more waste."@en1
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