1 00:00:00,000 --> 00:00:11,680 Today's economic uncertainty shows how spending European money in the right place, on the 2 00:00:11,680 --> 00:00:24,480 right things, in the right way, is more important than ever before. 3 00:00:24,480 --> 00:00:28,440 One of the key problems with the EU budget at the moment is the way negotiations are 4 00:00:28,440 --> 00:00:35,000 actually taking place. Rather than being created on the basis of what the EU needs to deliver, 5 00:00:35,000 --> 00:00:38,640 it is dominated by the Member States' own individual preferences. 6 00:00:38,640 --> 00:00:52,320 If you cut the expenditure for a common agricultural policy, you will have a lot of money for other 7 00:00:52,320 --> 00:00:53,320 policy fields. 8 00:00:53,320 --> 00:00:59,720 The priorities are dealing with global competition, an ageing population, migratory patterns, 9 00:00:59,720 --> 00:01:00,720 climate change. 10 00:01:00,720 --> 00:01:15,840 If the budget doesn't reflect what European citizens want, then Europeans will lose confidence 11 00:01:15,840 --> 00:01:17,800 that Europe is actually responding to their wishes. 12 00:01:17,800 --> 00:01:39,240 We believe that in order to prevent corruption, it is important to change the system. It is 13 00:01:39,240 --> 00:01:40,240 essential. 14 00:01:40,240 --> 00:01:45,320 If we simplify the process, we make the European Union more efficient, and a more efficient 15 00:01:45,320 --> 00:01:46,880 Union is a more effective Union.