Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-07-02-Speech-2-051-000"

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"en.20130702.5.2-051-000"2
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"Mr President, having rejected the Council’s initial proposal for the MFF, we pushed as far as we could for more funding to address a mounting unemployment crisis, particularly amongst our youth, for investment in training, regional development and infrastructure and for more flexibility in the use of funds in order to address our priorities at a time of recession. In the face of conservative austerity-bent majorities across the EU institutions, we find ourselves forced to settle for a minimum. At the same time, the Council continues to drag its feet on a resolution mechanism for broken banks, to release the public purse from the vice-grip of toxic banking debt, which was – let us not forget – the foremost cause of the economic crisis we face. The austerity experiment goes on, ignoring the fact that the root of the problem – public expenditure on public goods, social services and welfare support – did not bring us to the brink. We have to acknowledge reality and stop suffocating our economies – for growth’s sake."@en1
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