Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-090-000"
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"en.20121120.4.2-090-000"2
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"Mr President, if we want more European and non-European investment as part of a modern, competitive and sustainable industrial policy, we do of course need legal certainty and also political certainty. The Commission decision that will be submitted to the Council – I hope Parliament supports this approach – is that we back a modern model of reindustrialisation.
After many years of prioritising one particular part of the economy – I am talking about the financial sector – Europe, through the Commission, is now setting the target that 20 % of GDP should come from the real economy by 2020. This is already a political and legal certainty because it is contained in an official text of the European Commission. Furthermore, I believe that an important message as far as legal certainty is concerned, and therefore a guarantee for anyone wanting to invest, is the directive on late payments by public administrations, which was passed thanks to Parliament’s strong commitment and which will enter into force in all Member States by March 2013 at the latest. Three countries – Cyprus, Malta and Italy – have already transposed it. This decisive action that the European institutions wanted to take also sends a political and legal message that in my opinion will encourage European and non-European investment in the industrial and entrepreneurial sector."@en1
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