Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-039"

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"en.20100616.4.3-039"2
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"We are debating the way out of the relatively complex economic and financial situation in Europe. We are looking for culprits in the banks and rating agencies. I am not saying that they did not contribute to our current problem, but let us take a look at ourselves – whether we have not contributed to this situation through accepting the long-term deficits of states and their high levels of debt. Responsible budget management is only the first measure we must put in place. We must also look at the structure of our society. We have a very complex system of public administration in Europe. The business environment is organised in a very complicated way, with many regional variations and cross-border barriers. Entrepreneurship is smothered by a bureaucracy that long ago exceeded the bounds of common sense in terms of its reach and size. We must try to reduce the administrative burden and support creative individuals who want to make a living through business and to bring employment to their fellow citizens. That is the only way out of the current situation in Europe."@en1
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