Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-207"

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"Mr President, Europe has to develop, and innovation is the best route to overcoming the current crisis. A significant factor for initiating constructive change is the announcement of an increase in the financing of investment in research and development by 3% of the Union’s GDP. Besides flexible legal rules for starting businesses, tax incentives and simpler procedures for registering patents, it is financial factors in particular which are going to be the main drivers of development. Without external assistance, businesses would not themselves be able to finance expensive research which would take many years to complete. There is, however, a certain problem – the money provided from the European Union budget is often not enough on its own, and businesses are forced to invest huge amounts of their own resources. This being the case, businesses from Central and Eastern Europe are in a no-win situation. Without resources of their own, they cannot obtain money from the state budget, nor are they able to apply for EU money. This situation, which can be observed, too, in other areas, is causing an accumulation of resources in the wealthy regions of the European Union and is increasing disproportions in the area of research and development. The President of the European Commission has said that ‘without solidarity, the European Union would not exist’. This, then, explains my question: how does the Commission plan to strengthen innovation in the Union’s new Member States? Can they count on greater financial resources, which will allow them to catch up with the Member States of the old Union more quickly?"@en1
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