Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-463-000"

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"European industry represents approximately a third of the EU’s gross value added, as almost three quarters of European exports relate to industrial goods, and a third of employment. Moreover, it has a multiplying effect, which means that approximately two additional jobs are created in associated services for every job in industry. In view of this, no one is disputing the importance of the industrial sector to the economies of the Member States, but the economic crisis has cast doubt on the importance of this sector, to the detriment of the financial and service sectors, and it is time for us to review this situation and go back to investing heavily in this sector. European industry is heading in the direction of specialisation and commitment to the quality of its products and to the latest technology. What is produced by our industry needs to distinguish itself by innovation and quality, never by price."@en1

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