Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-371-500"

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"Two significant factors caused the economic crisis in the EU and the decline in its global competitiveness: namely, excessive Member State budget deficits and unfair internal competition. The EU has not complied with its own criteria in relation to budget spending. Unequal direct payments to farmers and incomplete cohesion policy, which has been unable in these last 12 years to eliminate significant economic and social divergences between Member States, are the first issues we must tackle if we wish to achieve sustainable development and a uniform improvement in the welfare of our citizens throughout the EU. This report makes several important proposals, including cutting Member State budget deficits, supervision of financial transactions and support for small and medium-sized enterprises (SMEs). However, it places too much emphasis on the ‘Europeanisation’ of financial and economic policy, including harmonisation of tax systems throughout the EU, which would not only deprive Latvia of the ability to make its own decisions concerning these processes, but also take away one of the major advantages of its tax policy, namely, attracting new investment. I also find the rapporteur’s proposal to increase the EU budget to a level between 5% and 10% of EU gross domestic product, focusing its revenue on VAT and increased contributions from Member States, unacceptable. Far from improving the economic situation in the EU, this would have exactly the opposite effect. It would deepen the imbalances between Member States and place a disproportionate burden on the smallest states, which have also suffered most from the economic crisis. For these reasons, I voted against the report."@en1

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