Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-421-000"
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"en.20120522.18.2-421-000"2
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"Mr President, two words have been repeated like a mantra during today’s debate: austerity and growth. Austerity and growth. In the meantime, we carry on at a crawl. Sometimes, though, the mighty Commission promises so much but delivers so little, as in the case of the EUR 5 billion for project bonds. Yes, you heard correctly. Here I am obviously talking not to this House, but to Europe’s citizens and businesses: EUR 5 billion for the whole of Europe.
EUR 5 billion divided among 27 countries. You do the maths. I am no expert on public works, but people tell me that with that kind of money, you can barely build a metro system for a single city. That seems rather too little on which to base a revival of EU infrastructure. What if we were to do more? What if we did not just let Member States dictate the rules? What if we tried to come up with some proper European bonds? What if we separated major public works from the Stability Pact?"@en1
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