Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-113-000"

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"Mr President, I would like to begin by thanking all of my fellow Members for the excellent cooperation and for a very constructive debate. I would like to conclude by making two rather provocative comments on the discussion as a whole. The structural funds were set up mainly to even out differences between individual regions, and they should therefore be directed particularly towards the most backward parts of the EU, in other words towards convergence Objective 1. The richer regions will benefit from this through increased market opportunities for their products and services. On the other hand, we should reject all proposed attempts to boost investment in the Objective 2 regions, or to create a strong transitional category of regions without financial expertise. I see no reason for the endless redistribution of money from the rich to the rich. I do, however, regard a specific transition mechanism between Objectives 1 and 2 as an appropriate addition. Secondly, I think it is vital for us to stop market distortions through the funds. The fact that one businessman obtains a grant to construct a factory building and the other does not, will logically lead to a distortion of the market. The other will then have to include the cost of constructing the factory building in the price of the products he sells, and he will therefore logically have higher prices or lower profits. It would be far better if the only final beneficiaries were public administration bodies, in other words the state, the regions, prefectures, towns and villages, which would invest the money in growth measures. It is clear to me that such a radical change is impossible. It is, however, possible at least to try this way out, and to take a small step in this direction. In the words of Neil Armstrong, it would be a small step for European funds, but a giant leap for the European economy."@en1
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