Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-373"

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"Mr President, the indebtedness of national economies and an ageing population together constitute a real time bomb for Europe. We know that, for example, the incidence of age­related illnesses, such as Alzheimer’s disease, will double over the next ten years. That will mean a huge burden on national economies. We should not, however, make a mystery out of debt. As I recall, Ceaucşescu’s Romania was a country without debt, as is North Korea. There is also ‘smart productive debt’ – intelligent debt if that debt is invested in people. In this respect, the elimination of poverty, for example, is a very lucrative investment for society, as is reducing youth unemployment. What I am quite rightly afraid of at present, while the Member States start to reduce their deficits, is where the cuts are to be made. Will they be in education, the employment of older people, the employment of the disabled, or what? That will not be smart or intelligent. That is why this EU 2020 strategy is a very important document, and I am one of those who say more Europe and not less Europe. More Europe means something like root canal treatment: Member States will be obliged to accomplish the targets that are set out in this EU 2020 strategy."@en1
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