Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-02-15-Speech-3-182"
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"en.20060215.14.3-182"2
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".
We are all trying to attain one of the goals which the Member States agreed in Barcelona in 2002, i.e. to provide 3% of GDP for investment in research and development. Pulling the strands together practically is crucial. It is obvious that cooperation at EU level could show the best ways of using and investing the money. That is happening with or without our investment. This is the trend that is going on, because this is the only way in which we can truly deal with the challenges ahead of us. By stimulating that at European Union level, however, we help this process go faster. That is why I agree with you totally that our common endeavours are very important for Europe to benefit.
Today, approximately 5% of public money is spent through the Framework Programme at European Union level. The rest is invested from the budgets of the Member States. Private funding is even more important than public funding. In the European Union, approximately 55% of private money is invested, compared to 45% of public money. It is crucial that we try to stimulate not only the public but also the private sector. It is crucial that companies work and invest in Europe. That is why it is crucially important that these companies are stimulated via the creation of proper conditions, i.e. that tax incentives are there, state aid is supporting that, intellectual property rights are in place, public procurement goes in this direction, risk venture capital is provided, and we stimulate brain circulation and so on. All these things matter.
Three per cent is a kind of indicator of whether we are doing things correctly. Our horizontal policies which we are using across all our sectors are consistent and are those which are truly up to the challenges which we have to face today."@en1
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