Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-061-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120613.6.3-061-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, the new French President said that we need not only austerity but also growth. That is common sense. Nobody wanted to have just austerity without growth.
On a professional level, however, it is clear that governments have much less direct leverage on growth. Austerity is a direct result of restrictive fiscal policies, but there is no such thing as a growth policy. Government action can have only a very indirect and stochastic impact on growth.
In a market economy, most productive investments are undertaken by the private sector. It is only the private sector which can create sustainable jobs leading to increased output and tax revenues. The government can only facilitate this process by creating a business-friendly environment and investing in physical and human infrastructure.
Budgets are important tools to support private sector activity. The MFF is considered as such. It can contribute to growth only if it concentrates resources on investments and initiatives to improve competitiveness and productivity. The MFF should envisage more spending on research and development, education and infrastructure, and cut back significantly on current subsidies, including on agriculture.
As I always emphasise, EU budgets are capital budgets and should not pretend to be similar to national budgets. They have to remain small and finance the future."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples