Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-25-Speech-3-076"
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"en.20040225.5.3-076"2
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"Mr President, contemplation of the economic situation in which the European Union finds itself leads us to the conclusion that the summit ahead of us has three main tasks. Firstly, the summit must ensure there is an increase in investment; secondly, it must ensure that there is an increase in investment, and thirdly, it must ensure that money is better invested. Both in the private and public sectors, we are lagging behind the USA; in the public sector we are behind them by 1%. I absolutely fail to grasp how, in view of this economic state of affairs, Members of this House can manage to come up with two recommendations for us, one being that we should deal with the crisis by leaving more muck in the air, which is what Mr Langen’s proposal in part amounts to; the other, that we carry on stubbornly wrecking the economy with austerity measures, rather than giving it the kick-start that it needs. Bad textbooks on economic policy are legion, but never yet have I found one so bad that it would recommend these courses of action in a phase of the economic cycle such as the one that we are now in.
Quite the opposite is the case: the situation we are now in demands that we take the action outlined by Mr De Rossa, adopting a dynamic attitude towards the necessary balance between stability on the one hand and efficiency on the other. I am eager to see what the Commission will do with the slogan ‘Dynamic action, balance between stability and efficiency’. We look forward to your proposals, Commissioner Solbes, and hope that we will have a productive debate."@en1
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