Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-458-000"
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"en.20121025.32.4-458-000"2
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"Mr President, in the first half of the 1990s, the European Commission carried out various studies suggesting minimum amounts for the Community budget so that the objective of cohesion could be guaranteed. These studies said that a budget of at least 2 % of the European Union’s GDP was necessary. Commissioner, dig around, you might find them in a forgotten-about drawer somewhere.
Almost 20 years have elapsed since the biggest enlargement in the European Union’s history, which significantly increased internal differences; the budget is half this figure and some want to cut it.
They now want to ensure that just like the miracle of the multiplication of the loaves, even by cutting the amounts in the budget, you can have more available funds. There are many questions that arise with these financial instruments. From the public financing of private profit and risk to their failed application in cohesion policy in many countries, which the report itself recognises.
We do not need to waste much time inventing instruments that are, to all appearances, innovative but only help increase differences, inflate financial markets and conceal the real paths that could and should have been followed long ago, such as the essential increase in the Community budget."@en1
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