Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-098-000"
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"en.20121121.4.3-098-000"2
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"In the European Parliament there is broad consensus on the multiannual financial framework (MFF) for 2014-2020. In the Council there is wide division on this subject. Parliament believes that the next financial perspective should be guided by the Europe 2020 strategy to help relaunch the economy, create jobs and growth, and promote cohesion and solidarity. The EU budget is a budget for investment, given that only 6 % is destined for administrative expenses. It has recognised added value and an important leverage effect in terms of public investment and the creation of wealth and jobs. Accordingly, at a time of recession, it makes no sense to reduce it. It would be an even greater mistake to reduce the MFF amount at the cost of cohesion policy, which would clearly show a lack of solidarity with the poorest regions and Member States. Many seem to forget that cohesion policy consists of the European Social Fund, European Regional Development Fund and Cohesion Fund, and therefore contributes towards smart growth, research, capacity building and, at its heart, sound expenditure. For example, in Portugal around two-thirds of cohesion policy funds are used for smart growth. These difficult times demand courage, solidarity and a strategic vision on the part of the Council."@en1
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