Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-304-000"
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"en.20120202.31.4-304-000"2
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"Monday’s meeting of European leaders was not only informal; I might even call it essentially pointless. The so-called fiscal compact that was discussed will certainly not lead the European Union out of crisis. Austerity and cuts will take us into recession. Ultimately, due to this economic decline, it will then be even harder to pay back debts and they will become an increasing burden.
Although the meeting finally began to discuss the need to restart growth and employment, it was still inadequate and weak. Whereas cost-cutting measures almost look like law, the initiative for growth and employment has remained in the form of a general challenge. From a European perspective, such behaviour is extremely unfortunate. The growth initiative is weak. The role of Parliament in negotiating and deciding these key matters is minimised. However, Europe must remain united and stick to democratic principles and existing legal frameworks.
It is essential that we look for resources that can be sensibly invested in economic recovery. Unused resources from the EU’s Structural Funds, the tax on financial transactions, a stronger EIB, and European bonds.
These are the issues that the summits should be addressing. They will be worthless if this does not happen, and the Union does not have much time left."@en1
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