Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-065"
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"en.20091214.14.1-065"2
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"During the second quarter of 2009, the revenues of the 27 Member States amounted to 43.9% of GDP, while their expenditure was 49.7%. During the same period, at EU27 level, taxes and social contributions amounted to approximately 90% of Member States’ general revenues, whereas social welfare costs were only 42.2% of GDP. The 27 Member States’ budget deficit grew from 0.8% in the second quarter of 2008 to 5.8% in the second quarter of 2009. During the same period, the employment rate dropped by 2% and industrial production by 10.2%. The sectors most affected were construction, agriculture, industrial production, trade, transport and communications. I believe that it is imperative for the future European Commission to present a programme of work focusing on economic development, reducing unemployment and guaranteeing decent living conditions."@en1
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