Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-10-Speech-2-187"
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"en.20090310.28.2-187"2
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"Mr President, in relation to the two budgetary votes, may I point out that a lot of people are asking: what contribution can the European budget make in terms of a fiscal stimulus in times of economic crisis? The answer is: very little. The whole of the European Union’s budget amounts to less than 1% of GDP and it has been a declining proportion of GDP in recent years. It is, in macroeconomic terms, a very small budget and this is something that many of the Eurosceptics would do well to remember.
On the other hand, in certain areas, it can be of huge structural significance and gradually improve the structure of Europe’s economy. On research and development, on some aspects of regional fund spending and social spending, we can help prepare our economy for the recovery.
I am glad that those aspects of the budget are gradually representing a greater proportion of the budget, and agriculture and some others are declining. However, I think that trend needs to be accelerated and we need to continue much more rapidly in that direction of shifting resources to where they can make a real difference."@en1
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