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Cutting Horizon 2020 would be stealing from the future

Raiding the research budget to fund loans to the private sector could do long-term damage to European competitiveness, warns Martin Stratmann. Tax relief on business R&D would be a better option.

EU Commission President Jean-Claude Juncker hopes that a multi-billion euro package of investments will stimulate growth in Europe. On the one hand, such an initiative is welcome news.

One look at Germany’s neighbours is enough to see the magnitude of the challenges they face in lowering unemployment and creating jobs. Just recently EU representatives were forced to admit to the German newspaper Handelsblatt that the targets of the “Europa 2020” growth strategy announced back in 2010 are now out of reach – unless the new EU investment package hits the mark.

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