Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-319-000"

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"en.20121120.28.2-319-000"2
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"The current economic and financial crisis will undoubtedly have long-term and intense effects not only on the European economy but also on the employment rate, public savings and social investments in Europe. We believe it is imperative to respond to these difficult challenges with well-targeted social investments. While securing the sustainability of public finances, Member States should equally focus on productivity, work distribution, education and training. Social investments are important to restore a proper employment level and to improve Europe’s competitiveness. They should thus be treated not only as spending but rather as investments that will give real return in the future. There is therefore a pressing need to create a coordinated EU approach. We invite the Member States to sign a ‘Social Investment Pact’ through which they can create a better governance and control mechanism for implementation of the employment, social and education goals of Europe 2020. We also call on the Commission and the Council to make sure that the Multiannual Financial Framework 2014-2020 currently being debated contains appropriate budgetary resources necessary for social investments in Europe."@en1

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