Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-085-250"
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"en.20111116.5.3-085-250"2
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".
In light of the downbeat forecasts for short-term economic growth, the economic governance legislative package is intended to restore confidence in the financial markets. I think that imposing austerity measures alone without any measures promoting economic and social development would prolong the current economic crisis and exacerbate the social crisis. Europe’s leaders and institutions need to focus on devising and implementing structural measures capable of creating jobs and economic growth. The efforts to exit the crisis must be made using the Community method rather than the intergovernmental method, while Europe’s institutions have to remain at the heart of this process. The EU and Member States need industrial development in areas where the EU is competitive, as well as development of the transport, energy and communications infrastructure and investment in education and research. It is vital that the economic governance measures do not restrict these investments which are crucial for the EU’s economic and social development, and for its competitiveness. I think that an extensive campaign is required to inform and consult with the public and local authorities, which need to have the capacity to attract investment and create jobs locally, with regard to the economic governance measures that are adopted at European or national level."@en1
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