Weak EU budget not fit for purpose -Prendergast

“The EU budget for 2013, and the programme defining the main financing objectives from 2014 to 2020 (Multinational Financial Framework), must be capable of addressing the social and investment needs of EU countries and regions” stressed today Labour MEP for Munster, Phil Prendergast.


Speaking from Strasbourg, where the European Parliament debated the future of the EU budget, Ms. Prendergast said:


“At a time when EU Member States struggle to balance their budgets in the wake of the banking crisis, we need adequate resources to stimulate investment, growth and employment across the EU’s countries and regions.


“The EU budget does not run deficits and 94% of its monies are invested at national and regional level. This is an invaluable source of stimulus and long-term development in our economies.


“We must not compound national austerity with cuts to the EU budget, which currently stands at less than 1% of the EU’s total GDP.



“Past promises by Mr. Barroso on social investment to tackle poverty and inequality in our regions, as well as youth unemployment, are either delayed or have yet to materialise. Initiatives to consolidate the Single Market, which is a key tool to boost intra-EU trade, are behind track. This is an avoidable waste of oportunities for EU countries to help each other generate growth.       


“The Commission’s weak presentation of their programme of activities for 2013 shows how badly Europe needs adequate funding.


“We need resources to stave off the drainage of spending power in our economies and escape the vice-grip of recession.


“The MFF must meet our current needs instead of emulating a decades-old model that is further handicapped by the Council of ministers’ reflexive moves to cut on all fronts.


“The Council and the Commission have to look beyond their computer models and wake up to the real needs of Europe’s citizens.” 


“This Parliament has made it clear that an unsatisfactory budget for 2013 will not have our stamp of approval. Growth estimates keep being revised downwards and the impact of austerity has been systematically underestimated.

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