Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-02-Speech-3-052"

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"Mr President, Mr President-in-Office of the Council, Mr President of the Commission, ladies and gentlemen, constitutional reform and economic reforms in Europe today are merely two sides of the same coin. Competitiveness, social cohesion, solidarity across generations, the valuing of human resources, solidarity towards the countries in the many southern parts of the world are not just many objectives within our reach, but they are also the founding values of the best episodes in our peoples’ histories. Today, we are faced with a great opportunity: to combine the constitutional process with the will and the need for reform – reform as the steady, day-to-day implementation of that work in progress that is, and will be, our formal Constitution. The conditions, both positive and negative, are all there to be turned into opportunities: an integrated internal market, as Mr Prodi has mentioned, the largest and richest in the world; low interest rates, but also – a negative point that can be turned into an opportunity – still high unemployment; job markets that are still too inflexible; and insufficient infrastructure. The action plan you have proposed, Mr President-in-Office, for developing the great trans-European infrastructure networks through public and private investment, is a step in this direction. As is well known, investment in infrastructure produces higher returns through Keynes’s multiplier, greater competitiveness, and more economic and social cohesion in the north, south, east and west. The same may be said for the objective of making our welfare systems sustainable through reform, not by taking away but by giving more with fairness (not least to our children), guarantees and security. Infrastructure investment and welfare reform, however, require an efficient, flexible, well-structured labour market that is well regulated and fairer. Mr President-in-Office, you won the Italian elections with a modernising programme, just as the programme you have presented today is modernising. There is no doubt that you will carry them both through. I wish you good luck and success in your work."@en1

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