Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-386-753"
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"en.20120215.18.3-386-753"2
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"I welcomed this document because the solutions specifically targeting the current sovereign debt and financial crisis, on which all the institutions are working on a daily basis, should go hand in hand with a major focus on medium- and long-term growth-enhancing measures, as well as an overhaul of the general economic framework, in order to improve the sustainability and competitiveness of the European economy and ensure its long-lasting success. The Annual Growth Survey falls short of what is necessary to restore confidence among European households and enterprises, as well as financial markets, because it overlooks the need to take urgent action to support short-term activity and employment, which is important for achieving the EU 2020 objectives. Efforts at national and EU level should concentrate on the following five priorities: pursuing differentiated growth-friendly fiscal consolidation while ensuring economic recovery and job creation; ensuring long-term financing of the real economy; promoting sustainable growth through more competitiveness and investments; tackling unemployment and the social consequences of the crisis; modernising EU public administration and services of general interest. On the expenditure and revenue sides of the budget, Member States should prioritise growth-friendly policies, such as education, research, innovation, infrastructure and energy, and ensure the efficiency of such expenditures and revenues. It is also essential to reduce the unnecessary administrative burden and red tape."@en1
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