Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-192"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-10-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Growth and Stability Pact – Informal ECOFIN of 22/23 September in Liege2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20011003.6.3-192"2
lpv:hasSubsequent	lp_eu:2001-10-03-Speech-3-1932
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	substitute; Committee on Women's Rights and Equal Opportunities (1999-07-21--2002-01-14)3 member; EMPL (1999-07-21--2002-01-14)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (1999-09-29--2002-01-14)3 substitute; AGRI (1999-07-21--2002-01-14)3 member; EUL/NGL (1999-07-20--2002-03-05)3
lpv:translated text	"Mr President, we are living at a time when it is becoming clearer that the Stability Pact functions as an obstacle to development and to economic and social cohesion: by considering monetary and nominal convergence as a priority, by making restrictive budgets mandatory, it prevents those countries with major difficulties from being able to engage in a policy of investment, particularly public investment, in a period such as the present one of slowdown in economic activity and the threat of international recession. In various countries and from different sources warnings are being issued regarding the need to amend the Stability Pact and the priority being given to the monetarist policies of neo-liberalism. This situation is being felt both in the more developed countries and in those where situations of the greatest inequality prevail and/or where threats of social tension are emerging. In a country like Portugal, which has the lowest salaries, pensions and reforms in the European Union and the highest rates of premature school-leaving, accidents at work and poverty, the application of rigid timetables and deadlines and major restrictions on public spending and investment is unacceptable, because this will impede the country’s development and obstruct the way to economic and social cohesion. The need for the immediate suspension of the Stability Pact is, therefore, very topical. In a European Union that claims to be concerned with social problems, committed to the creation of jobs and the fight against social exclusion and poverty, maintaining monetary stability at any cost cannot continue to be considered as a priority, when we know that the consequences will be more unemployment, more salary restrictions and more poverty. It is not a question of merely calling for some flexibility in the criteria of the Stability Pact and the implementation of the growth and stability programmes, which each country has had to present. It is essential to engage in an in-depth revision of the objectives, criteria and foundations of the Stability Pact, starting from the premise that the budgets of the Member States must reflect the needs of each people and each country and not the interests of the financial groups that the European Central Bank is seeking to convey."@en1

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