Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-213-875"
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"en.20121023.13.2-213-875"2
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"Some Member States try to use the current financial crisis in order to reduce their contribution to the EU budget. They bow to or even consciously exploit the anti-European sentiments which arose in some countries. However, reducing the European budget means hurting one’s own economy as much as that of the other Member States. The EU budget redistributes 94 % back to the Member States and is largely devoted to investments. Those investments are proven to boost economic growth, not only in the cohesion countries but also with the so-called net payers. The European Parliament has to make a stand for this investment budget and has to oppose any cuts. The budgetary austerity which some Member States also want to impose onto the EU is a self-defeating strategy. The EU does not have any debts to pay off and has one of the lowest rates of spending on its own administration. Therefore it makes no sense to apply budgetary cuts to Europe’s most efficient mean of investments. Therefore I supported this interim report."@en1
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