Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-098-500"
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"en.20120612.5.2-098-500"2
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"The solutions proposed today in the resolution on the MFF are a key step in the fight against the crisis in Europe. The need to limit expenditure is a key issue currently affecting the budgets of the EU’s Member States. The mechanisms included in this ‘two-pack’ – budgetary surveillance by the European Commission in cooperation with the national parliaments – will facilitate budgetary consolidation and allow particular surveillance of countries with excessive budget deficits. This solution will give the EU institutions more influence over the budgetary policies of the Member States, without infringing on democratic procedures. The draft also covers measures aimed at stimulating economic growth. Cuts alone will not be enough to put the economy back on the right track and, what is more, it will be the average citizen who is hit hardest. The draft obliges the Commission and the Member States to adopt solutions which will not stifle either economic growth or investment, particularly in the fields of education and the health service.
We must also take steps in the near future to increase the EU’s budget. We will be able to allocate income from eurobonds or a financial transaction tax, for example, to investment and job creation. Balanced economic growth and budgetary discipline are not mutually exclusive, and Poland provides a good example of this. Thanks to amendments made to the constitution in 1997 imposing budgetary restrictions, even now, the country can still boast GDP growth of almost 4%. The resolution on the MFF will mark the start of a new era of high-quality public finances in the EU."@en1
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