Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-12-01-Speech-3-094"
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"en.20041201.11.3-094"2
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"Mr President, I think that we should perhaps look at the problem from a different angle. Parliament should point out to the Commission – and to the Council – that, over and above the purely quantitative method for strengthening the Lisbon strategy, there is also the question of European participation in the quality of global economic parameters, because quantitative data only allow us to look at economic growth statically, without any positive or negative coefficients. Consequently, we should be looking at the Commission's proposals from the dynamic point of view.
One example clearly illustrates what I mean: research and technology. According to the Commission, spending on this sector in Europe up to 2013 will rise to EUR 23 billion. What does this mean in relation to the global environment? At the moment, in the United States, we have 2.7%. However, there entrepreneurship has been strengthened so much because there are connections, what we call 'linkages' between businesses, the administration and the economy in the area as a whole. 2.7% is a higher coefficient than our current 2% in Europe, which we shall, of course, push up to 3%. However, Japan, for example, has 3% and, precisely because it does not have these linkages, is now in recession and research and technology has not helped at all in getting it out of recession. Consequently, it is research and technology, this important part, which is a necessary but inadequate condition for growth. Two further preconditions are needed, the dissemination of technology – the linkages I mentioned – and, at the same time, the major problem in my view is that there must be recovery, because in times of recession, businesses – I am still referring to the 'research and technology' problem – only look at things from the point of view of their cash flow management and they are unable to push ahead with major technological inventions.
That is why I consider that we should work on another part, which is called 'the demand side'. If the demand side is to work properly, there must be cooperation between what is now the single monetary policy and financial policy. In other words, more attention needs to be paid to the broad economic policy guidelines than that which, as States, we pay to our spending policies, by which I mean not every three or four years but every year, so that we can achieve recovery, without which we shall be pouring all this money we are debating into the Danaides' cistern."@en1
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