Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-190"
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"en.20011003.6.3-190"2
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"Firstly, I would like to thank you for giving me the floor. Unfortunately, I cannot remain in the House for very long as I have a meeting at 4.30 p.m. with your contact group to debate the development of the Members’ Statute. I regard this as an important subject and this is an important meeting. I requested it myself. I will be back here in the House at 5.30 p.m. to respond to the many questions you wish to put to me. I would therefore like to thank you very much for listening to what I have to say now. Mr President, ladies and gentlemen, I am sure that you all appreciated the importance attached to every word of my speech, and the significance of every adjective I used when I spoke on behalf of the Presidency of the Council and the Council itself. Please excuse me if I do not now try to interpret my previous speech further. I was speaking on behalf of the whole of the Council. Consequently, I think I explained clearly how our thinking is developing. I also defined the limits ECOFIN and the ministers themselves have already set. I then described the nature of the ongoing debate. Those of you, you are all here, will certainly wish to have experts available to monitor the development of this debate closely.
Of course, the conclusions of this debate are considerably more important. I believe that we are, at last, more or less in agreement with the objectives we wish to achieve, even if there is less agreement on the best means of achieving them.
I am sure that this debate will continue. However, I would like to make two brief observations of my own. Mr Berthu, a longstanding colleague of mine, said that everything was so much better when each country had full control of its financial and economic instruments. However, I must disagree with you on this point, Mr Berthu. I have been around long enough to know that the reality was very different, and it was at that time too. Europe has experienced very serious financial and economic crises, and has found it extremely difficult to overcome them. This is my first point.
I would now like to move on to my second point. I shall not quickly forget the time in the 1970s when people sang the praises of the deficit spending policy. This was a time of economic slowdown in my country, and those in positions of responsibility praised the policy of deficit spending to high heaven. It took us fifteen years to recover from the effects of this policy. I do not wish this policy to be implemented in the European Union. However, everything I have heard here goes quite in the opposite direction. I am sure that you will make it your business to monitor this situation very closely and will be extremely vigilant. Thank you very much for your attention."@en1
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