Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-186-000"

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"en.20111026.16.3-186-000"2
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". We are, rightly, deeply concerned about the stability of Europe. What investors are ardently hoping for should hold true here, as well: a politically consistent course of reform and cuts. Unfortunately, the European Parliament is not showing any sign of that. Parliament wants the European Union to spend 5.23% more next year. That amounts to more than EUR 6.5 billion. This increase cannot be justified. The EU’s budget is raised by Member States. At a time of painful cuts and national debt levels which are putting public finances at risk and deepening the crisis, this constitutes unacceptable budgetary policy. What will the European Union spend the requested EUR 133 billion on? As far as the European Parliament is concerned, the EU 2020 strategy should form the focal point. This primarily concerns our social, education and labour market policies, which are ideal policy areas where the Member States can exercise competence and take measures most effectively. However, these days the debate is not about the long-term strategy, because the stability of the euro and Europe itself is under increasing pressure. The consequence of a mistake in budgetary policy: several years of overspending. Might we, at this very time of crisis, be making the same mistake in determining the annual EU budget?"@en1

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