Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-119-750"
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"en.20120703.5.2-119-750"2
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"Finally, after several months spent trying to paper over the cracks – caused by the financial crisis – in the budgets of many Member States, we have officially started talking about growth in the EU again. The package amounting to EUR 120 billion launched by the Council is not only a victory for the Italian Government, which had been pushing for this for some time, but is also an important step for the European economy towards growth and recovery. While not forgetting that out of the total EUR 120 billion, only EUR 14.5 billion is new resources (the remainder consists of reallocations of funds already budgeted), it is significant that the European Union has gone back to using language in line with the expectations of European businesses. Without underestimating the importance of the measures adopted to tackle the financial crisis (such as direct access by banks to State rescue funds as a means to control the spread), the adoption of the growth package must signal a turning point in European policy which complements economic rigour with prospects for growth."@en1
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