Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-184"
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"en.20100520.16.4-184"2
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"The main purpose of this report was to analyse the long-term sustainability of the European Union’s public finances with a view to its economic recovery. The debate on this in plenary could not have come up at a more opportune time, given the unprecedented economic and financial understanding reached last week by European leaders. On the one hand, the package of measures adopted – specifically the unblocking of aid for Greece, the accelerated restructuring of Member States’ public finances, and the creation of a financial stabilisation mechanism – demonstrate strong solidarity. However, they make a period of sacrifice foreseeable, which will affect all Europeans. These sacrifices must be distributed in a fair and balanced way. This is a time for brave decisions at national level, with a long-term view and without cutting any corners. The public books are balanced by cutting spending and by increasing income, or by both at the same time.
At a time of economic recession, we have no alternative but to substantially decrease public spending by cutting waste and optimising the state’s operations. Following several amendments, the final content of this motion for a resolution focuses on some of these challenges; that is why I voted for it."@en1
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