Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-716-000"

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"Madam President, Commissioner, during the crisis, we could see for ourselves how important the role of industry is in our economy. Unfortunately, our relevant policies are still often based on the idea that markets must regulate themselves. In this respect, the Europe 2020 strategy is a pioneering initiative, the first to acknowledge the need for a new approach. European industry must retain its leading position in key areas, and must not be allowed to lag behind events. We must treat the new structure of the financial sector and the coordination of the fiscal macro-economy as priorities, because only through their reform can we ensure the success of our industrial policy. We need a new, comprehensive regulatory framework which can steer the financial system back to productive investments. An industrial base that is competitive on a global scale and a knowledge-based industry focused on production must be at the heart of our industrial policy. To this end, however, we will need the entire innovation chain. In this case, we should not only talk about technological innovation, but about the innovation of product design and quality as well. Furthermore, we must encourage synergies within the sector. These include the link between energy policy and industrial policy. Energy supply is an essential factor, and the new, growing markets lie in renewable energy sources, which may consequently result in the creation of new jobs. Reliable access to raw materials is also crucial, and faces us with an increasingly serious challenge. In addition to securing already existing resources, we must also be able to realise our recycling efforts. We must also do everything in our power to strengthen SMEs, as they are key actors in European industrial production. We must encourage their highest possible participation in public procurement and must provide them with access to favourable bank loans."@en1
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