Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-645-000"
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"en.20110510.66.2-645-000"2
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"Question 20 by Nikolaos Chountis ()
The onset of the crisis in 2008 sent EU Member States' deficit and debt levels spiralling to unprecedented levels, thereby increasing the cost of credit and creating serious debt servicing difficulties. Nearly all EU Member State governments have adopted tough austerity programmes with a view to cutting both public spending and public investment programmes. The effect of this has made itself felt immediately, drastically undermining social benefits and causing the recession to spread. Given that the EU budget is potentially a major instrument for growth and given that it has not yet undergone substantial restructuring in response to the new developments resulting from the generalised economic and debt crisis:
Is the Commission considering proposals for a general restructuring of the EU budget, involving modifications to budgetary guidelines and appropriations, with a view to helping the Member States respond to the social impact of the crisis and support their endeavours to stimulate growth?"@en1
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"Subject: Need for changes to the EU budget"1
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