Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-108"
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"en.20081203.13.3-108"2
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".
In announcing its crisis action plan, the European Commission responded to the real need for Community action to stabilise and revive the economy. However, the announcement was made a few days after the so-called conciliation, which determines the shape of the European Union’s 2009 budget. The budget does not allocate additional funds for overcoming the crisis, and it is hard to imagine a plan of the order of EUR 200 billion being completely budget neutral.
The long-fought argument about the sources of funds for the EUR 1 billion aid to famine threatened countries shows that it will not be easy to get 27 countries to agree to the additional funding, namely the over EUR 116 billion of payments agreed on 21 November between the European Parliament and the Council for 2009. If only for this reason, Mr Barroso’s plan is no more than the sum of national efforts accompanied by promises of greater tolerance of budget deficits and state aid regulations.
Nonetheless, I hope that any potential relaxation of the Stability and Growth Pact will not be the only outcome of the European Commission’s plan. This will be the case if we carry out the promise of increasing advances and streamlining the structural funds which must act as local and industry-specific anti-crisis packages during 2009-2010. This would reverse the disastrous tendency to widen the gap between commitments and regional policy funds actually taken up."@en1
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