Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-03-Speech-4-019"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-05-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Stability and convergence programmes2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20010503.2.4-019"2
lpv:hasSubsequent	lp_eu:2001-05-03-Speech-4-0202
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	co-chair; EDD (2001-01-30--2004-07-19)3 unknown; Staatkundig Gereformeerde Partij - Gereformeerd Politiek Verbond - Reformatorisch Politieke Federatie (1999-07-20--2002-03-17)3 member; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3 member; ECON (2000-02-02--2002-01-14)3 member; Temporary committee on human genetics and other new technologies in modern medicine (2000-12-13--2001-11-29)3 member; Delegation to the EU-Slovak Republic Joint Parliamentary Committee (1999-09-28--2002-01-14)3 substitute; Delegation to the EU-Slovenia Joint Parliamentary Committee (1999-09-29--2002-01-14)3
lpv:translated text	"Mr President, over the past year, we have seen a slight improvement in the budgetary situation. That was, however, not due to the policy adopted but rather to incidents and unexpected strokes of luck, such as stronger economic growth and the auction of UMTS. The favourable economic tide should have been used to bring about reforms. There is not so much a need for new initiatives as there is for the implementation of politically-inspired objectives. The areas which require attention are clear: reforms on the labour market, fiscal reforms, liberalisation of the utility sectors and greater incentives for entrepreneurship. At 2.6% in March, inflation is still far too high. Interest rates cannot be lowered as a result. Whether you like it or not, the ECB’s objective is price stability. Moreover, the real interest level is low enough to offer an incentive for growth. The risk of price increases upon the introduction of the euro is another reason for the European Central Bank to maintain interest at its current level. Both growth, wrongly expected by some from the ECB, and a better functioning internal market, will need to be achieved in and by the Member States themselves. The call for more coordination of the economic policy is then not the most effective approach. The stability and convergence programmes are right to confine themselves to the monetary policy. In short, the rapporteur’s call for an acceleration of the structural reforms receives my unqualified support."@en1

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