Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-579-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120313.22.2-579-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The EU will only be able to respond adequately to the current economic and social crisis, or prevent future crises, if the integration of common instruments such as automatic sanctions and the Commission having the right to take legal action in a deficit procedure is realised in political terms. Without joint programmes financed from EU funds and funds for their operation, this will not happen.
Many countries have shifted a large financial burden to future generations, and for many years, their public spending far exceeded their income. Financial markets will not be willing to refinance public debts if governments do not consolidate and resolve the discrepancy between public revenue and expenditure.
They will monitor consolidation and the strengthened fiscal framework at European level closely. The EU budget is one of the most important instruments for expressing solidarity between Member States. If the EU’s policies were to be financed solely by Member States, their costs would skyrocket. The European budget is a clear common saving.
The austerity measures adopted at national level should not lead to an equivalent reduction of funds at EU level. Every euro paid out at this level may generate savings in the Member States. The annual budget of the European Union with its leverage effect, priorities set out in national budgets, and all other European policy instruments, must support the policies for the recovery of the Member States, and must be in accordance with the growth and jobs strategy, Europe 2020."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples