Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-085-000"
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"en.20111116.5.3-085-000"2
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"The European economy is on a knife’s edge. Thanks to the forced austerity measures and erroneous economic policy decisions of the past period, forecasts now indicate a drastic slowdown in the economic growth of European countries for the next year. At the same time budget deficit will once again soar and it will be more difficult and more costly to finance public debts. There is only one way to break free from this two-fold stranglehold. We must implement the legislative package on economic governance which serves budgetary discipline as soon as possible, and must adopt additional rules serving the reinforcement of economic cooperation. In the medium term, however, we need a policy that encourages investments, and accelerates sustainable economic growth in Europe primarily through energy efficiency, the development of renewable energy sources, and expenditure on research and development, education and the improvement of the health care situation. Without stable and sustainable economic growth the renewal of the European social model and the at least partial preservation of its most important accomplishments is unthinkable."@en1
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