Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-368-000"
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"en.20120703.18.2-368-000"2
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"Instability in international financial markets is currently high. The huge debt levels and rising oil prices pose significant risks for the future. It is necessary and important to seek solutions to reduce these risks of negative development. Structural problems, insufficient global rebalancing, a persistent development gap, rising unemployment – these are all current problems to which we must respond appropriately and which we must urgently resolve in the spirit of cooperation and social solidarity.
Europe remains the largest regional destination for foreign direct investment (FDI). A quarter of the world’s total consumption and investment takes place within its expanding borders. Investors are attracted to the EU market mainly as a result of its high-quality and diverse human capital, its emphasis on corporate social responsibility, its relatively predictable business environment and its high potential in research and innovation. Despite these facts, we do not make full use of the EU’s potential, and high taxes disincentivise investors, as does the huge public debt. Meanwhile, global competition from emerging economies is growing steadily. In this context, the single internal EU market is of particular importance. This is one of our most important priorities. With its 500 million consumers, it offers tremendous advantages for investors; we must therefore continue to develop and support those regimes that facilitate and encourage investment in the EU. I am firmly convinced that especially during this crisis, we must promote our strengths more than ever before."@en1
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