Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-05-Speech-3-060"

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"en.20060405.4.3-060"2
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"Making the European Union the most competitive knowledge-based economy by 2010 involves two priorities, as far as I can see: investing heavily in Research and Development and removing the constraints weighing on businesses, and particularly on the smallest ones. Despite the improved agreement obtained by the European Parliament, the European budget will not permit these huge investments to be made. The European Council’s appeal for the EIB to enhance its R[amp]D efforts is, in this context, an innovative and pragmatic solution, if EUR 30 billion actually can be harnessed in this way. This measure might not be enough to overcome the chronic deficit in European R[amp]D expenditure, and a great effort is still required if the objective of devoting 3% of GDP to R[amp]D is to be attained. It is crucial to involve the private sector in this effort, since we can clearly see that public budgets are not enough. We therefore need to make progress with taxation in order to encourage businesses to invest more readily in R[amp]D. This purposeful policy is what we are awaiting from the revised Lisbon Strategy, which needs to offer a stimulating, effective and, above all, simplified European regulatory framework for European businesses."@en1

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