Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-23-Speech-4-129"
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"en.20031023.2.4-129"2
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"This report has at least one positive aspect inasmuch as it suggests that there still exists a European industrial policy. It has to be noted that there are many people, beginning with the employees of European companies hit by the economic crisis, who doubt Europe’s willingness to preserve its industrial fabric.
Certainly, European industry does in fact need to focus on its assets, including a highly qualified labour force, large capacity in terms of technology and research and a mastery of ‘clean’ production processes.
Is it, however, enough to say that? So far, there has been no end of analyses, but nothing practical has emerged.
What is more serious is the fact that, encased as it is in the straitjacket of a Stability Pact that, in calculating the public debt, draws no distinction between productive investment and non-productive expenditure, and subject as it is, when it comes to state aid
think of the Alstom affair
and to concentrations between companies, to control by the Commission that is as rigorous as it is abstract, our companies manifestly do not have the means to compete effectively with US industry which, for its part, benefits from permanent government support.
More than reports, European industries and entrepreneurs need clear political will. This report does not respond to this urgent need."@en1
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