Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-26-Speech-3-074"

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"en.20030326.5.3-074"2
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"Mr President, it is quite a few years since the Lisbon targets were established. Since then, many fine words have been spoken about the significance of the Lisbon process. The objective was to catch up with the United States economically by 2010. Unfortunately, this has been mostly a matter of words. I have still not seen the necessary reforms of the labour market that are a condition for growth and so also for more jobs. Nor has the equally important liberalisation of, for example, the gas and electricity markets taken place. Comparison with the United States clearly shows how far we are from achieving the targets set in Lisbon. In the United States, the economic situation is considered to be very worrying, in spite of the fact that growth is significantly higher in the US than within the EU. The Americans have made it clear that they will not just sit and watch while the economy deteriorates. They have responded with deep tax cuts. That is something which the EU Member States should also do, and as a matter of urgency. If a country like the United States, with its relatively low taxes, can reduce them further, so too in all likelihood can the EU Member States, throughout which taxes are significantly higher. An employment strategy was discussed at the European Council, but no such strategy will ever provide increased growth and lower unemployment. There are no short cuts. We do not need any more fine words or proud declarations. Action is what we need. As long as the EU just talks while the United States takes action, the economic gap will continue to widen, to America’s advantage. The year 2010 will continue to recede ever further into the future."@en1

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