Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-03-Speech-3-086"
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"en.20031203.7.3-086"2
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"Mr President, President-in-Office of the Council, ladies and gentlemen, in Ecofin’s deliberations, the intergovernmental method prevailed over the Community method with a purely laxist decision being taken to suspend the procedure, without, that is, placing precise conditions on the extension granted to the Federal Republic of Germany and France to achieve a balanced budget. This is very serious.
This is a weighty precedent, which could benefit other countries in future and which, as Mr Prodi said, is detrimental to effective coordination, to the governance of economic and social policies on the basis of transparent, binding objectives, not just in terms of stability but also, and especially at this time, in terms of growth.
This incident, however, only serves to highlight the shortcomings and contradictions that remain in the management of the Stability and Growth Pact, with the European Parliament still being excluded from any codecision procedure. This incident highlights the shortcomings in the actual wording of the Stability Pact, which is much more restrictive and mechanical than the text of the Treaty, not least as regards problems of flexibility. This means that the Union institutions, starting with the Commission, have to take two completely incompatible approaches in managing the two missions that the Union has given itself in the field of economic, social and environmental policy. I am referring to the Lisbon and Gothenburg strategies, the latter still without binding objectives, and to the Stability and Growth Pact.
It is these serious shortcomings, which are also present in the Commission initiative, which explain why management which is flexible but not appropriate in terms of compliance with the objectives of the Stability and Growth Pact has been adopted, without the minimal but specific conditions being established that justify the length of time set for adjusting budgets. I am referring to the Lisbon strategy, to the binding objectives of the Lisbon strategy that need to be among the conditions to be fulfilled in the implementation of the Stability Pact."@en1
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