natgillin/translations-raw huggingface dataset:
Mon det er nødvendigt at minde om, at EF i 1983 havde optaget lån 6 mia ECU, som har muliggjort finansieringen af et betydeligt antal investeringsprojekter? Desuden iværksættes de relativt hurtigt og vi mener, at der, således som Parlamentet har anmodet om flere gange, bør ske en yderligere forbedring af disse ordninger, og specielt vil det være ønskeligt at gøre Det nye Fællesskabsinstrument til en varig ordning.
On this matter I think that we have struck a good balance, and I should simply like to say that I have for some time had the feeling that the ambition to achieve the industrial and productive renaissance of Europe was definitely taking root in the countries of the Community and that there was better under standing of what we can contribute, including the abolition of certain taboos, such as those relating to restrictions on capital movements.
Er det udelukkende et spørgsmål om manglende egenkapital?
loss in this field.
I så tilfælde vil tilhængere af denne hypotese mene, at problemet kan løses, hvis man begunstiger virksomhederne med skatte- og afgiftslettelser; f.eks. sådanne lettelser, som vil kunne forbedre deres selvfinansieringsevne.
However, the financial newspapers this week have been reporting the investment fore casts of French companies and have observed, with some surprise, that according to Insee's forecasts, themselves taken from the companies' own forecasts, investment budgets are likely to rise by 15% this year, which, for French companies, would represent a real increase'in investment of between 5 and 6%.
Jeg for mit vedkommende er fortsat over bevist om, at ønsket om en god selvfinansieringsevne ikke i sig selv er tilskyndelse nok til at få en virksomhed til at ofre en del af sine midler til selvfinansiering. ering.
It would appear that this trend is well under way in most Western countries and the national credit institutions apparently confirm INSEE's diagnosis.
Det andet punkt gælder de offentlige investeringer.
President. — The debate is closed.
Rådet opfordres derfor til at vedtage de to forslag til direktiv på dette område, som er forelagt det til behandling.
Mrs Desouches (S), rapporteur. — (FR) Regarding investments, I should like to start from one established fact.
Desuden finder vi det ønskeligt, at EFRU's og social fondens rolle styrkes og at der derudover oprettes en fond for innovation og industriel udvikling.
Between 1973 and 1983 we can see that the share of private and public consumption in the gross domestic product increased by 6 %, whereas the share of invest ments fell by 20 %.
Ortoli, næstformand for Kommissionen. — (FR) Hr. formand, fru Desouches har udarbejdet en glimrende betænkning, og det, hun her i korthed har fremført, danner faktisk, så vidt jeg kan se, grundlag for en investeringspolitik.
Even if I personally welcome this prognosis, in the hope that it is an accurate one, I think that that does not absolve us of the obligation to find out how we can assist or support this tendency, if it is indeed true that there is such a tendency.
Nogle er af den opfattelse, at der ingen finansiering kan finde sted uden tillid til fremtiden, for enhver investering er en slags foruddiskontering af fremtiden — en »anticipation«, som Keynes sagde — og jeg mener da også, at det psykologiske aspekt er vigtigt og at virksomhedsledernes fremtidsvurderringer har stor indflydelse på, hvilke afgørelser de træffer.
First of all, it seems desirable, in order to promote investments, to eliminate a certain number of legal, fiscal or administrative obstacles which at present hamper the capital market ; we have just spoken about that, so I shall not deal with it again.
Desværre står vi på temmelig bar bund på dette område.
I would simply like to make three points regarding the report which I am presenting to you.
Det ser ud til, at denne udvikling er godt i gang i de fleste vestlige lande, og Le Crédit National (det statslige franske kreditinstitut) synes at bekræfte INSEE's analyse.
In addition, these projects are implemented relatively rapidly and we think it would be a good idea, as Parliament has already asked on several occasions, to improve these instruments even further, in particular the new monetary instrument, which ought to be transformed into a permanent instrument.
Selv om jeg hilser denne prognose med tilfredshed i håb om at den holder stik, mener jeg ikke, at 'dette fritager os for at undersøge, hvorledes denne udvikling, dersom den tegner sig korrekt, kan stimuleres og følges op.
Second point : public investment. With regard to public investment, it seems to us desirable that Member States should use their available margin of budgetary manoeuvre in order to support the develop ment of public investments whenever that is possible.
For at investeringerne kan fremmes, bør der først og fremmest fjernes en række juridiske, skattemæssige og administrative hindringer, som i øjeblikket præger kapitalmarkedet; jeg skal undlade at komme ind på disse ting på ny, da vi netop har talt herom.
Of course, the same is true of public-sector enterprises which occupy an important position in fields where there is a demand for high technology.
Først og fremmest naturligvis, fordi det har noget at gøre med efterspørgsel og derfor makroøkonomisk set er et spørgsmål om at støtte den økonomiske aktivitet, der på et givet tidspunkt i den fase, som vi befinder os i, skal afløse aktiviteten i igangsætningsfasen, der normalt altid former sig som eksport.
Is it simply a lack of own resources ? In that case, those who believe in this hypothesis consider that the problem will be solved if companies are given the benefit of a lighter tax burden : for example, a cut in taxes of the sort that would improve the margin suitable for self-financing.
Men investeringerne er et nødvendigt element, når genopsvinget på et givet tidspunkt skal konsolideres og forstærkes.
Personally, I remain convinced that a wide margin is not a good enough reason to convince a businessman to devote a proportion of his resources to self-financing. nancing.
Men hermed er alt ikke sagt.
Finally, my third point.
Det, som vi i dag beskæftiger os med, er ikke i første række et makroøkonomisk anliggende, eller rettere, vi beskæftiger os ikke blot med konjunktural. Problemet, som vi beskæftiger os med, er af en helt anden art, det drejer sig nemlig om, hvorledes vi skal forholde os til to grundlæggende kendsgerninger i den nuværende økonomiske situation.
Your committee takes the view that it is important to encourage the satisfaction of companies' capital needs by outside suppliers of capital, for example by means of fiscal incentives designed to promote the investment of savings in shares, as well as to encourage the development of institutions for collective investment in securities.
Første kendsgerning er ændringen i den økonomiske verdens orden, og derfor drejer det sig om mulighederne for at indføre nye instrumenter, for det er gennem investeringer, at vi skal kunne hamle op med den nye
For this reason, rather than blindly promote — and I emphasize this — an increase in margins, it seems to me that it would be more efficient to link the fiscal economy and investments, for example by speeding up amortizations during the early years, or by means of a partial tax rebate for sums invested, which, more over, is what the report that I am presenting to you today proposes.
Jeg vil gerne lige redegøre nærmere for tre punkter i forbindelse med den betænkning, jeg er i færd med at forelægge.
We therefore ask the Council to adopt the two proposed directives on this subject which have been submitted to it.
For det første mener jeg, at politikken
Unfortunately, we are rather at a
midlerne skal anvendes, for disse investeringer skal bruges i udviklingens tjeneste.
This being so, the whole series of measures which you have proposed, which, for our part, we have emphasized in a whole series of official statements, deserves in my opinion to be given serious consideration.
Det er ikke lige meget hvad de offentlige midler investeres i; hvad der tæller er, at investeringerne til udviklingsformål kommer til at spille en større rolle.
We need to go forward on a wide front, as you said, Madam, a front which consists first of all of the economic and fiscal environment and which will make it possible to acknowledge the need for invest ment and authorize a more harmonious development of investment.
Jeg tror derfor, at vi ved at stræbe efter konkurrencedygtighed, konvergens, solide industristrukturer, men også efter evnen til at tilfredsstille den moderne efterspørgsel, påny vil få gang i investeringerne, og opgaven med at få erhvervslivet og regeringerne til at erkende, at der her er tale om en vigtig samfundsopgave, at Fællesskabet i dag behøver en »investment drive«, denne opgave bør — som de nævnte — have forrang.
A front which will recognize the need for profit, either directly or by means of the tax advantages which you have discussed, but one which would also acknowledge that, apart from the question of selffinancing there is a place for own resources by means of equity capital, and here we come back to the question of financial integration, or for a borrowing policy, and here we come back to what you described as the Community's policy and which I shall not attempt to explain in detail here, since it is known that this is one of the activities to which during recent years.
Jeg håber, at dette vil komme til udtryk, når Deres Parlament stemmer herom.
I have dedicated most of my time, most of my will power and, after all, this is one of the activities which have worked well in a Europe where it is said that things do not work well.
Fru Desouches nævner i sin betænkning om investeringspolitikken klart og tydeligt grundene til, at det er nødvendigt med en væsentlig forøgelse af de faste investeringer i Fællesskabet og redegør for de grundlæggende poli tiske foranstaltninger, som skal træffes.
In terms of volume, of course, because we should not forget that the share of public investment has fallen in recent years at a time when budgets have been increasing, but also in terms of quality, because these investments should be made to promote develop ment.
Den anden og absolut lige så vigtige kendsgerning har med konjunktur at gøre. Vores nuværende vækstrate er utilstrækkelig.
What I should like to emphasize is the central role that must be played by investment in the promotion of durable growth in the economies of our Member States.
Med andre ord, vores produktionsapparat er ikke længere tilstrækkelig udviklet og ej heller tilstrækkelig moderne til at sætte os i stand til på ny at nå op på en varig vækstrate, der er tilstrækkelig høj til, at vi kan vende tendensen på beskæftigelsesområdet.
First of all, obviously, because what we have here is an aspect of demand, and consequently, a macroeconomic aspect supporting economic activity, which should, at a given moment in the business cycle, take over from the upturn in activity, which normally results from an increase in private consumption, from increased activity in the building industry and, in more favourable circumstances than those we have experienced, from an increase in exports.
Jeg har sagt det før på dette sted, og jeg gentager det, det som man kalder for den potentielle vækstrate, dvs. det tidspunkt fra og med hvilket en økonomi kommer i vanskeligheder, hvor den generelle balance bringes i fare, den lå for en halv snes år siden på ca. 5 %; den er i dag på under 3 %.
The first is the transformation of the world economy and, consequently, the ability to create new instruments, because investment is what will give us the ability to cope with this new demand. It may be new technologies, it may be innovation, it may be a certain number of old industries for which the demand situation has changed.
Det er denne grænse vi skal óver, og det kommer vi ikke uden investeringer.
I could also speak of the decline of Europe in certain services connected with development.
Som De nævnte, fru Desouches, er det nødvendigt at gå til værks over en bred front, en front der for det første omfatter den økonomiske kontekst, især det skattemæssige aspekt, så det bliver muligt at erkende nødvendigheden af investeringer, og således at der kan ske en så harmonisk udvikling som muligt på dette område.
In other words, our productive apparatus is no longer developed or modern enough for us to be able to return on a longterm basis to the kinds of growth rate which we need if we want to reverse the trend of unemployment.
Endelig er jeg enig i, at det, vi først og fremmest for ikke at sige hovedsageligt skal overveje, når vi skal revidere vort syn på budgetspørgsmålet, er hvilken rolle investeringerne skal spille.
And that is a fundamental feature, because it implies that in terms of competitiveness, and no longer only in terms of productive capacity but also in terms of productive capacity, we need to be in a position to push back a limit which has got dangerously close.
Både hvad angår beløbenes størrelse, naturligvis, for man må ikke glemme, at de offentlige investeringers andel er blevet mindre i de seneste år, samtidig med at budgetterne er blevet større, men også med hensyn til hvorledes
Let me remind you, having already said it here, that what is called the potential growth rate, that is to say the moment at which an economy gets into difficulties, the moment ai which the main equilibria are disturbed, that potential growth rate was approximately 5% ten years ago and today it is less than 3%.
Hvad endelig angår de private investeringer, så må vi ikke overse, at virkningen af ethvert skattepolitisk incitament er begrænset, fordi investeringsbeslutningerne under alle omstændigheder hovedsagelig afhænger af efterspørgslen.
Mr Papantoniou (S). — (GR) Mr President, the enormous importance of productive investment is recognized, I believe, by all sides of this House.
Af den grund er en aktiv efterspørgselspolitik til stimulering af konjunkturen i de lande hvor det er muligt, en væsentlig forudsætning for at der sættes skub i investeringerne i den private sektor.
Mrs Desouches' report on investment policy explains with great clarity the reasons why it is essential to achieve a major increase in productive investment in the Community and outlines the basic policy measures which will have to be taken.
Van Rompuy (PPE). — (NL) Hr. formand, min gruppe, det europæiske folkeparti, går ind for Desouches-betænkningen.
Papantoniou pursue a policy of pump-priming along neo-Keyne-sian lines.
Både kommissæren, hr. Ortoli og fru Desouches har påvist, at vi her i Europa er bagud med hensyn til investeringer i nye teknologier.
I feel that this has been clearly borne out by the recent experiences of a number of countries with socialist governments.
Det samme er i øvrigt kommet klart til udtryk i betænkningen af Albert og Ball.
We are now agreed — and it comes out in the Desouches report — that stimulus for investment has to come at the Community level and be financed by European loans.
Welsh (ED). — (EN) Hr. formand, jeg vil gerne takke fru Desouches for hendes betænkning og ønske hende tillykke med at hun kommer nærmere og nærmere på den enighed om økonomisk styring som vi er ved at opbygge her i Parlamentet.
The Socialist Group agrees with the analysis contained in the Desouches report.
Sammen med nogle venner har jeg fremsat et par beskedne ændringsforslag, som jeg tror vil bringe fru Desouches endnu nærmere, og jeg er sikker på at hun på sin vanlige charmerende og venlige måde vil acceptere dem.
It particularly welcomes the reference to the need to promote public investment, especially in the fields of advanced technology, where the private sector is reluctant to intervene and take the initiative.
Derfor glæder jeg mig også over, at fru Desouches i betænkningen først og fremmest lægger vægt på at få genoprettet virksomhedernes rentabilitet. Hvis man ikke får genoprettet virksomhedernes finansieringsevne, vil vi ikke være i stand til at fremme disse nye investeringer. Hvis vi ser på den nettogevinst, som egenkapitalen giver i Europa, og sammenligner denne med nettogevinsten i Japan og Amerika, viser det sig, at vi endnu har lang vej tilbage.
We have to work towards a European industrial market, a market with the free movement of capital, where public contracts are open to everyone and where there are stable exchange rates.
Der er bestemt ikke nogen mangel på kontanter.
We endorse the report, Mr President.
Det, der beklage ligvis er mangel på, er projekter, som pengene kan investeres i, og som giver et rimeligt, acceptabelt og kommercielt udbytte.
We find that there is a growing consensus in this Parliament on the way in which investments should be promoted.
Det vi skal skabe er et klima, hvor disse midler kan komme i arbejde på en hensigtsmæssig måde.
We have to go about this in a way which safeguards our economic structure in the long term.
Hvad angår det offentliges investeringer glæder det mig, at den foreliggende betænkning ikke forsøger at fortælle os, at de nationale regeringer bør føre en pump-priming politik efter et neo-Keynes-inspireret forbillede.
Finally, as regards private investment we must not forget that the effectiveness of any kind of tax incentive is limited, since the basic determining factor in any investment decision has always been — and will remain — demand.
De seneste erfaringer i en række lande med socialistisk styre har nok med al ønskelig tyde lighed vist, at dette ikke er ønskeligt.
Stubborn adherence to monetarist policies in certain large countries which have already stabilized their economies, such as Germany and the United Kingdom, unfortunately leaves only a narrow margin of hope for a turnaround in private invest ment.
Vi er enige om, og det er et positivt element i betænkningen af Desouches, at der bør udgå investeringsstimulanser på fællesskabsplan, finansieret gennem europæiske lån.
Implementation of an active demand-oriented policy aimed at revitalizing economic activity in those countries in which this can still be achieved is thus absolutely essential if there is to be an upswing in investment in the private sector.
I denne forbindelse støtter vi også forslaget om at give Det nye Fællesskabsinstrument en mere permanent karakter, og i de kommende måneder vil vi i anledning af Albert og Ball-betænkningen få lejlighed til at udtale os om forslaget til en ny investeringsstimulans på 5 mia ECU, som skulle indebære en vækst på yderligere 1 % om året.
Mr Welsh (ED). — Mr President, I would like to thank Mrs Desouches for her report and congratulate her on steadily coming closer and closer to the consensus about economic management that we are building in this House. With some of my friends I have tabled one or two modest amendments which I think will draw Mrs Desouches closer still, and I am sure in her usual gracious and friendly way, she will accept them.
Når alt kommer til alt, er investeringer i høj grad et spørgsmål om, hvordan man behandler sin personlige opsparing.
Mr Van Rompuy (PPE). — (NL) Mr President, my group, the Group of the European People's Party, supports the Desouches report.
Det er klart for enhver, at denne investeringsstimulans bør ske inden for den nye teknologi, i de nye sektorer.
What I find rather strange about this debate is the myth that seems to be going around that somehow there is a desperate shortage of capital in Europe.
De udgifter, det ville indebære, hvis Europa ikke eksisterede, er der på dette plan ingen tvivl om.
There are plenty of funds, what we have to do is create the climate in which these funds can be suitably put to work.
Hr. Papantoniou siger: »Det, vi skal have, er større offentlige investeringer i ny teknologi«.
The total share of investments in GNP has fallen to 19%, whereas in the 1970s it was more than 22%.
Han har absolut ret, men han har ikke ret i måden at tænke på.
This is a tremendous drop which jeopardizes our economic structures.
Hvis man ser på De forenede Stater, så har de haft enorme investeringer i ny teknologi, men det var ikke staten, som gik ind i disse virksomheder.
I am therefore pleased to see that the Desouches report in the first place stresses the need for a revival of profitability.
Staten har været en meget stor køber. Den har købt produk- . terne, og det er det, vi vil frem til i Europa.
Unless there is a recovery of selffinancing by firms we shall not be in a position to promote new investments.
Det bør ske på en måde, som på længere sigt beskytter vor økonomiske struktur.
On the subject of public investments I am glad to learn that the national governments no longer have to
Når vi skal tale om investering, så lad os tale om de ting, som virkelig betyder noget.
When you come down to it, investment is very much a matter of the way one treats one's personal savings.
Formanden. — Forhandlingen er afsluttet.
That is exactly what companies do when they are looking for projects.
Afstemningen finder sted i næste afstemningstid.
That is surely what we have been talking about all this afternoon.
I det kommende valg vil de konservative fremsætte et program med henblik herpå.
Mr Papantoniou says : 'What we must do is have more public investment in new technologies'.
Det er principielt de ting, vi har talt om i de sidste fem år.
Well he is actually right, but he is not right in the way he thinks.
Nedbrydning af handelshindringer; harmonisering af normer; kapital markedets frie bevægelighed; skabelsen af en euro pæisk valuta; fjernelse af statsstøtte — og der, hvor vi er nødt til at have statsstøtte, skal vi bringe den under skarp kommissionskontrol.
If you look at the United States, they have had enormous investment in new technologies, but it has not been the State that has been taking an interest in these companies.
Det er den slags ting, som vil skabe et investeringsklima.
The State has been a very big buyer.
Der ligger en meget vigtig dagsorden foran os.
It has been buying the products, and that is what we want to have in Europe.
De ting, jeg har nævnt, vil at sig selv skabe de betingelser^ som virkelig kan give vores virksomheder fremgang igen.
We want the various Member States to buy the products of the new technologies ; not just the ones that are made in their own countries, but the best.
Hvis vi koncentrerer os om det og glemmer alt om alle disse måder at lave et system på og accepterer, at vi lever med en blandingsøkonomi, så er jeg sikker på, at vi vil begynde at få heldet med os, og jeg ønsker fru Desouches tillykke med at hun har taget de første spæde skridt i retning af at få øjnene op for denne meget vigtige sag.
There is no reason, for instance, why British Telecom should not buy a Siemens system if that is the best, or why the French PTT should not buy System X, if that is the best.
1-1266/83) udarbejdet for økonomi- og valutaudvalget om skabelsen af et europæisk kapitalmarked.
That is the way we are going to get investment going, not by all this interventionist stuff that has actually brought us through ten sad years in the 1970s to the pretty pass in which we now find ourselves.
Sir Brandon Rhys Williams (ED), ordfører. — (EN) Hr. formand, jeg vil gerne begynde med at over bringe min tak til medlemmerne af økonomi- og valu taudvalget, som med en stemmeafholdelse vedtog min betænkning enstemmigt.
Having said this, I think we must concentrate our efforts on the weak element of the system, i.e. the capacity and propensity to invest — as Mr Welsh was saying — and not be under any illusion that, by increasing savings or liberalizing their use, the problem will be solved.