NEWS

Rosen Plevneliev: Limiting government spending in the EU must be accompanied by economic growth measures

2012-05-09 12:15:00

Economic growth cannot be bought with debt, but must be developed, President Rosen Plevneliev said today in a speech to students at Sofia University. Together with the European Commissioner for International Co-operation, Humanitarian Assistance and Disaster Response Kristalina Georgieva, the President opened a public discussion on “Has the European project drained away?”, held on the occasion of May 9, Europe Day.

President Plevneliev said that limiting government spending must be accompanied by measures to grow the economy and reduce unemployment, increase labour productivity and competitiveness. He said that there are no easy solutions to the crisis, but each reform that improves the business environment, to support small and medium business and any action to reduce youth unemployment, will surely lead to success. “The solution is not a Europe of two or three speeds, but a Europe of solidarity and responsibility,” he said.

The crisis can be overcome only with determination and courage, the President said. The question is how to turn Europe into a leading political, economic, scientific and technological global power. Only united in its diversity can the EU be a global actor, along with major global players, the President emphasised to the students.

“Europe without borders is the heart of the European idea and I am convinced that Bulgaria, that our country, is able to protect the outer border of the European Union in accordance with European standards,” President Plevneliev said. Speaking to journalists, he said that Bulgaria needs to implement many reforms as a responsible member of the European Union. “We have to reach the point that citizens and Bulgarian society feel that fairness and the justice system are working,” the President said. Bulgaria should improve the environment for doing business and increase investment in innovation and knowledge, but could give a lesson to other countries in the EU about financial stability and low debt, President Plevneliev told journalists.

MORE FROM NEWS

Head of State: The Established Strategic Partnership between Bulgaria and Japan Opens the Doors Wide for Japanese Investments in Our Country

24 June 2025 | 17:05
Rumen Radev received representatives of leading Japanese companies who are visiting Bulgaria as a result of the strategic partnership established during the Bulgarian President's visit to Japan

Rumen Radev: The Major Challenge Facing the EU Is to Promote Its Own Production and Competitiveness Globally

20 June 2025 | 14:02
The Head of State holds a meeting with the ambassadors of the EU member states within the framework of the Polish presidency of the union

Rumen Radev: With Adequate Long-term Strategies, Bulgaria Has the Potential to Be a Regional Factor in a Number of Areas

18 June 2025 | 08:08
Ensuring Bulgaria's prosperity and security requires our country to play an active role in the alliances and multinational formats in which it participates, to develop good neighbourly relations, and for the political class to be able to create adequate long-term strategies in various areas. This was stated by President Rumen Radev in the closing part of the second day of the Green Transition forum, which is being held in our country for the fifth year.

The President: It Is Absolutely Unacceptable for an EU Candidate Country, which Loudly Advertises that It Has Long since Met All the Criteria for Membership, to Carry out Legal Prosecutions on Ethnic Grounds

17 June 2025 | 16:04
The Head of State holds a meeting with Ljupcho Georgievski, chairman of the Bulgarian Cultural Centre "Ivan Mihaylov" in Bitola, which was abolished by the authorities in the Republic of Macedonia

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links