Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-558-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120418.26.3-558-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, as Ms Hübner – whom I would take this opportunity to congratulate on her excellent work – rightly stressed in her report, this is an exceptional measure, justified by the exceptional times we live in. The global financial crisis and the unprecedented economic recession mean there is a need to take measures to counteract the negative effects of the crisis and impact thereof, which are being widely felt in the real economy and the labour market, as well as by the public.
The crisis has increased the pressure on national financial resources, so it is more important now than ever to ensure sound cohesion policy, as an instrument with a multiplying effect on the economy. I would therefore congratulate the European Commission on its proposal, which is intended to increase even further funding under the European Regional Development Fund and the Cohesion Fund. This will contribute to clearing the way for mobilising the private finance necessary for making productive investments, which can only be partially financed by public funds. With this risk sharing mechanism, the European Commission and the European Investment Bank will start making capital contributions to cover losses resulting from loans and guarantees to the Member States in receipt of financial assistance, such as Portugal.
I hope now, in all honesty, that this measure will be just one of the many needed to stimulate recovery and growth in those Member States, thereby also enhancing the competitiveness and cohesion of the European Union itself."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples