Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-417-000"
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"en.20120522.18.2-417-000"2
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"Mr President, the European Union has been based on the Stability and Growth Pact. Both of these aspects have been mentioned today in the form of fiscal stability and economic growth. Unfortunately, this pact has not been observed and budgetary imbalances have been created, resulting in austerity measures. It is therefore obvious that there is no sustainable economic growth without financial stability.
At the same time, the austerity measures must be accompanied by measures promoting economic growth. Previous economic recovery programmes must be continued with specific measures. The Commission must propose programmes for supporting SMEs, also including loan guarantees or venture capital funds. The sums required can be provided by reallocating funds that have not been allocated or distributed so far.
Funds which have not been taken up for a variety of reasons must not be collected and returned to Member States, but redistributed to programmes supporting the economy. Ninety-five per cent of the EU budget is geared towards investment and generates economic growth and jobs. European policies and the European budget are obviously instruments which the European Union can use to intervene to support the economy. The regulations for the 2014-2020 common policies must include, to the maximum extent possible, measures for promoting growth and jobs.
The 2014-2020 budget must be approved as soon as possible so that Member States can plan their national policies. It would be a good idea for Chapter 1 of the MFF to be approved as an initial step, which refers to cohesion, transport, education, research and innovation, ICT and jobs. We must promote new financial instruments such as ‘project bonds’, for instance. I believe that reaching an agreement on own resources would mark a big step forward, as this agreement would ease the pressure on national contributions."@en1
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