Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-325"
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"en.20011003.9.3-325"2
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"Mr President, Commissioner, in recent decades the per capita GDP in Europe has been reduced in comparison with that of America, increasing the gap or distance between our prosperity and development and that of the United States, while our levels of employment are also worsening.
The conclusion is drawn from this that the Americans do not hinder the activities of private companies through taxation as much as Europeans do and, in accordance with low levels of public expenditure, they have not, like us, promoted action plans, introduced bureaucratic systems or tried to guide their economic operators, who have therefore been able to dedicate themselves purely to working and generating wealth.
It seems to me that this analysis does not take account of the very important fact that, over the last 30 years, levels of public investment in the European Union have been reduced to 2% of our GDP in 2000, while in the United States they have maintained a sustainable level and represent 3% of their GDP. If we add to this the fact that our per capita GDP stands at 65% of American GDP, it turns out that their average investment per citizen each year is 2.3 times greater than ours, and this is a more than notable difference which explains the differing developments of our respective economies.
I believe that the short-term solution for Europe is not to reduce taxes, but rather, while achieving balanced budgets and no deficit, we must adjust our current public expenditure and increase public investment in viable projects, modernising our infrastructures, supporting technological research and development, involving research institutes and universities in private initiative and promoting training and knowledge in our society.
What is completely unacceptable is the policy of the Spanish central government of Mr Aznar, which covers up its real budgetary deficit by financing it with revenue, with the monthly contributions of workers integrated into the state social security system, which compromises even further the uncertain future of pensions, and the workers who are currently contributing do not know whether they will receive those pensions on retirement. This is unacceptable and must be condemned."@en1
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