Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-11-19-Speech-2-197-931"
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"en.20131119.27.2-197-931"2
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"This is a budget of cuts and austerity for the remainder of a decade that has been marked thus far by economic crisis. While I am far from happy with it, we could not afford to block any further the budgets from 2014 onwards, with all the uncertainty that would bring, in the face of a Council that would not budge.
Faced with substantial cuts, we insisted on extra flexibility in the use of funds for critical areas. We managed to secure a commitment that, halfway through this budgetary framework, our spending needs will be reviewed in the light of the economic circumstances. We have also convinced the Council to consider alternatives to the current way of funding EU activities. There is currently over-reliance on cash-strapped national treasuries. The imposition of punishments on EU regions for breaches of budgetary discipline is a double whammy – punishing regions that need cohesion funding. Not only is this unjust in itself, but it also shows that the conservative powers in the EU continue wilfully to confuse the causes and the consequences of national deficits, ignoring what has been spent on saving the failed financial system and coping with eurozone imbalances that are felt most in the peripheral EU countries."@en1
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