Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-04-Speech-4-092"

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"en.20011004.3.4-092"2
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". Japan is now experiencing a recession. The United States are not far behind, Europe is seeing considerably less growth and a recession is not completely out of the question. In order to prevent a global recession, it makes perfect sense to boost economic activity by means of coordinated action with Japan and the United States, through increasing public expenditure up to a limit of 3% of the public deficit of each EU Member State, on the condition that: the purpose of increasing expenditure is to improve public investment and to encourage private investment; and at the same time, efforts are redoubled to implement structural reforms that stimulate employment, investment and competitiveness. The Stability and Growth Programme must, therefore, be made more flexible, in addition to the flexibility resulting from ‘automatic stabilisation’, and this is why I abstained on the motion for a resolution tabled by the PPE-DE Group."@en1

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