Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-11-27-Speech-4-274-000"
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"en.20141127.28.4-274-000"2
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"Mr President, the whole cohesion project must be reckoned one of the most measurable failures since its introduction under the Maastricht Treaty. The idea was to level the poorer areas up by spending more money in them. Well, what was the biggest per capita recipient of EU funds? It was Greece. How did that work out? The truth is that if you tax wealthy countries in order to pay poor countries, you end up with fewer wealthy countries and more poor countries. Whole states – just as individuals – can become dependent on subsidy.
Perverse incentives lead them to construct their affairs around the receipt of the grants. We have heard from some of my British colleagues about how important it is to get money for projects in the UK. But of course, not only are we net contributors in the UK, so that they are seeing and counting only the gains rather than the tax; these are not projects that create jobs; these are jobs primarily designed to advertise and aggrandise the European Union rather than to stimulate local growth.
If you really want to help the stricken areas of Europe, we should be doing the opposite of cohesion. We should be encouraging diversity, pluralism and, specifically, allowing them to leave the euro, price themselves back into the market and export their way back to growth."@en1
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