Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-343"
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"en.20100615.24.2-343"2
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"At the moment, less than 1% of the European Union’s budget goes on innovation. This is the current state of affairs at a time when Europe has realised that its future lies within the knowledge triangle of research-innovation-education. The European Parliament’s request to increase the resources allocated to innovation is absolutely justified in these circumstances. We are approaching the time for looking at the financial projections for the 2014-2020 period and must take this request into consideration. Transforming Europe’s economy into a sustainable economy must make European companies more competitive and allow new opportunities to emerge for national economies as a result of the economic and ecological challenges facing Europe.
Moreover, and especially against the backdrop of the financial crisis and the credit crunch, it is crucially important for companies’ innovative capacity that more funding should be made available at both EU and national level and that appropriate financial instruments should be created. Splitting resources across a host of objectives and a series of specific EU initiatives has not produced satisfactory results so far. Funding must be directed at those areas where the boomerang effect is greatest. The key criterion here must be added value for Europe."@en1
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