Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-324-000"
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"en.20121120.28.2-324-000"2
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We are undergoing a serious economic and financial crisis that risks having intense long-term effects for many citizens. The European economy, employment rates, public savings and social investments in Europe are suffering the direct consequences of the downturn. Most of the recent and current responses to the crisis are based on short-term objectives intended to restore the sustainability of public finances, which is an essential element for the EU’s economy. In this context, however, we should not neglect the negative effects that these austerity measures could have on employment and competitiveness in Europe and complete them with growth- and employment-friendly measures such as well-targeted social investments."@en1
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