13 JUN 2012

European Semester

Mr President, in these recommendations some countries are being told to do what they are already doing and some countries, like France, are doing the opposite of what they are being told. The problem is that the people in Europe see the Commission saying one thing to our Member States but then often doing another thing in the European institutions.So I have three recommendations for the Commissioner. Firstly on the EU budget: stop wasting taxpayers' money on vanity projects and make sure that we really are getting value for money in that budget; secondly, cut bureaucracy for businesses so that they can grow, which should be an urgent priority for the EU; and thirdly, sort out the banks. You will not mend bankrupt banks by burying their problems in a banking union.

View video of speech here

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Annual report 2012

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