Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-02-Speech-1-225-000"
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"en.20120702.25.1-225-000"2
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"Mr President, Europe is still an important destination for foreign direct investment. However, it is noticeable that developing countries are becoming more significant in the fight for investors’ attention. How then should we fight to maintain Europe’s strong position as a good place to invest?
The primary advantage of the European market is its stable and predictable environment, both in business and legal terms. Economic activity is very well regulated in Europe in comparison to some parts of the world, and the settled political situation guarantees that business can be conducted in stable conditions. Another great asset of the Member States is the high quality of their human capital. This being so, where is the problem? In Europe, increasing importance is being placed on matters related to what is called socially responsible business, which, as well as the usual objective of a growth in value for the shareholders, is also interested in environmental protection, care for the surroundings and social issues. These things are very expensive. However, in order to be able to compete for investors’ money, we have to look after our financial system, so that in uncertain times, the banks will still be able to finance investments. Investors are worried about the low level of growth in Europe, its accumulated debt and its high rates of tax."@en1
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