Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-381-000"
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"en.20120522.18.2-381-000"2
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"Mr President, I want to raise three points briefly. Firstly, some talk of financial stability and fiscal consolidation, while others talk of growth, pitting one against the other. In truth, we obviously need both. We need fiscal stability, we need to be back balancing the budgets and we need to support growth. It seems to me that this is a matter of common sense.
To sustain growth, here, too, we firstly need structural reforms, to regain competitiveness and, at the same time, invest in our future and give our children opportunities for the future. The fact is, Member States are unfortunately massively in debt and it is therefore up to the European Union to invest in the future.
For that reason, I say yes to a massive increase, if possible, in European Investment Bank (EIB) capital, yes to eurobonds, but a substantial amount unlike the amount announced by the Commission. And why not yes to the mobilisation of European savings for future projects? I think this is an option that should really be opened up. Yes to a tax on financial transactions so that the EU finally has its own resources.
Lastly, as Guy Verhofstadt said, to provide opportunities for the future, we also need to think about how we can basically lower interest rates. Why not a new role for the European Central Bank (ECB) or pooling part of our debt?"@en1
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