Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-150-000"
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"en.20110913.34.2-150-000"2
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"Mr President, imagine if a business operated on the model of paying its best customers. Such a business, I put it to you, would not be tremendously successful, yet we are rather quaintly pursuing the idea on a pan-continental level through this policy of export credits. Well, colleagues, the bad news is that it is not working terribly well.
In the mid-1970s, the EU as it then stood – or Western Europe – accounted for 36% of world GDP; today it is 25%; in 2020, it will be 15%. What could we do if we wanted our economy to grow? Well, the clue comes from the Commission’s own figures. When he was the Internal Market Commissioner, Günter Verheugen commissioned a study on the cost of complying with EU regulation, and he discovered that across the EU as a whole, it came to EUR 600 billion a year. Yet on the figures of the same European Commission, the advantages of the single market are worth EUR 120 billion a year. So, on the Commission’s own figures – and they should know if anybody does – the single market is five times as expensive in compliance costs as it is in benefits.
Countries do not trade with countries. Businesses trade with businesses. The best thing that governments can do for them is to get out of the way."@en1
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