Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-05-Speech-3-892"
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"en.20100505.69.3-892"2
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The global financial crisis has affected all of the EU Member States. I feel that the Baltic States have suffered the most painful blow. Severe measures were taken because of the financial hurricane and jobs were lost. However, we have a unique opportunity to turn the crisis into an opportunity. We would like to give young Lithuanians a very promising future in Lithuania and avoid the increasing ‘brain drain’. This task is impossible without the EU Structural and Cohesion Funds, in particular, the European Regional Development Fund (ERDF). The Structural Funds constitute a large portion of EU funding: – EUR 277 billion were allocated for the 2007-2013 budget. The ERDF stimulates economic development and recovery in less prosperous parts of the EU. It helps to fund measures like the regeneration of industrial areas affected by the reduction of towns and villages. It includes important regional programmes, such as the Baltic Sea Region Programme, in order to strengthen regional identity and recognition. The Cohesion Fund plays an important role in reducing differences between EU Member States, particularly in terms of environment and trans-European transport networks. Today (2007-2013), the European Social Fund also has a vital role to play by helping business and workers adapt to the new market conditions and supporting workplace innovations, lifelong learning and increased mobility. Lithuania’s ESF programme is solving the manpower shortage by mobilising human resources and improving skills and raising qualification levels. Since joining the EU, Lithuania has experienced a massive ‘brain drain’. The best way of combating this is investing the EU Structural Funds in young professionals."@en1
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