Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-094-000"
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"en.20111215.5.4-094-000"2
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"Madam President, Commissioner, in the European Union, we pay very close attention to budget austerity measures and this is certainly as it should be, because our governments can no longer spend money that they do not have. However, it is just as important, or perhaps even more important, to think and talk about how we will promote economic growth than it is to think about how to save money. The key issue and the opportunity for us to promote economic growth in Europe is to directly increase internal competition within the European Union. There are two areas I want to discuss in particular: the service sector and the energy sector. The service sector in the European Union accounts for 70% of all economic activity, but we know that unfortunately many businesses are actually still denied the opportunity to operate cross-border. This sector has to be opened up. The same applies to the energy sector. We know very well that in many European Union Member States no competition actually exists in the energy market. For example, in Latvia’s gas sector, there still exists a 100% monopoly; moreover, a monopoly that is a subsidiary of a third country. Thus, in order to promote economic growth in the European Union, serious attention should be devoted to increasing competition in both the service sector and the energy sector. All European citizens will benefit. Thank you for your attention."@en1
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