Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-189-031"
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"en.20111026.16.3-189-031"2
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"In order to mobilise the potential offered by the EU’s economies with the aim of bringing about economic recovery in the wake of the crisis, measures need to be taken to stimulate recovery in the short term, strengthen sustainable economic growth, promote the stability of the financial market and reinforce economic governance structures. At the same time, support must be given to the projects dealing with vulnerable groups, especially young people, and aimed at providing them with access to the labour market and education. This must be one of the measures to address the high youth unemployment rate and the social tensions in an ever-increasing number of countries. In addition, a financial transaction tax must be established globally, with the aim of financing the eradication of poverty. On the subject of EU development policy, I would like to point out that, if Member States fail to come up with new sources of funding, they will not be able to fulfil their Millennium Development Goal commitments for 2015. In this regard, I find unacceptable the Council’s proposal to reduce the credits for development cooperation instruments by EUR 70 million and the attempt to reallocate the existing funds earmarked for development to resolve some new political challenges, such as climate change and the Arab Spring, which must be funded from additional resources."@en1
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