Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-100"
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"en.20081203.13.3-100"2
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"I think that the two-year economic recovery plan can become a good, coordinated response of the European Union to the economic crisis, provided that it is carried out and implemented in a reasonable manner. The proposed volume of funding to support the Union’s economy should create a financial framework that is sufficient to stimulate the Member States’ economies towards new development impulses. The EUR 30 billion, which is to be provided in equal shares from the European Union’s budget and the European Investment Bank, must be well-targeted at the development of the knowledge-based economy and low-carbon economy, as well as at medium and long-term energy efficiency programmes.
As regards tax incentives, I think that these measures should remain in the hands of the Member States. Personally, I am an advocate of the idea of reducing VAT rates for certain products closely related to energy efficiency that can stimulate high energy savings.
To conclude, I have to admit I have certain concerns in connection with the plan to apply maximum flexibility, which is made possible by the revised Stability and Growth Pact. Certain governments have a tendency to abuse such measures for their populist and purely political objectives, without a clear development concept."@en1
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