Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-145-000"
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"en.20120704.25.3-145-000"2
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"Mr President, I opposed the report on the attractiveness of investing in Europe. Investment is key to our economic growth. To be competitive we need investment, but unless we are competitive we lose it. To help our small businesses become competitive, I have campaigned urgently for them to be excluded from large bits of EU legislation, but that is not in this text.
I am also concerned that larger long-term investors like pension funds and insurance companies face unintended burdens from some of Europe’s legislation on the financial sector. The Committee on International Trade and the Committee on Industry, Research and Energy agreed with me, but this did not make it into the text.
Instead, this text calls for further coordination of employment and social policies. We know that when we coordinate at EU level our policies become even more restrictive and not less. The only investor that will be left in Europe is the state, and the state has run out of money."@en1
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