Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-089-000"
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"en.20110914.4.3-089-000"2
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"I believe that the Council has made the same mistake yet again. It looks at the EU budget through the eyes of an accountant, as a budget of net spending. However, in the midst of the economic and social crisis which has brought Europe to its knees and forced the Member States to apply harsh austerity policies, we must defend the importance of the EU budget in strengthening investments. It must be made clear that the EU budget, which accounts for a mere 1.01% of EU GDP, finances actions which either cannot be financed by the Member States or the financing of which at European rather than at national level brings about exponential – mainly economic – gains. This is its added value. It enhances the efficacy of national financing and helps to reduce overall spending through economies of scale, by concentrating and coordinating resources and services. An excellent example is customs union, where every EUR one spent at EU level is equivalent to EUR four saved by the Member States. Today more than ever, we must seek support for sectors which strengthen economic growth, such as political cohesion, research and innovation, thereby supporting efforts to save national resources and apply fiscal restructuring."@en1
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