Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-25-Speech-3-079"

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"en.20040225.5.3-079"2
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"Mr President, ladies and gentlemen, it is the Stability and Growth Pact that is under discussion, and I believe we have every cause to highlight the fact that we need this Pact for the sake of our future. Those who engage in lawbreaking at European level, by using a ministerial decision to interfere with the Commission’s procedures, have to be told in plain language that breaching this Stability and Growth Pact will end up undermining the stability of the euro, and that will cause the foundation of growth in Europe to crumble. This is where the letter from the six countries with consolidated budgets speaks volumes, and it is my hope and wish that we may recover that awareness with this Pact in mind. What is true of this Pact is true of much else, that if you want to change the law, then find yourself a majority, but you do not change the law by breaking it. Secondly, the process of structural reform that the European Central Bank is demanding ought to happen at national level. There is a particular lack of such reforms in Germany. It speaks volumes when we read, as we currently do, of a fall in the per capita average gross domestic product in Germany, and of Germany being fourth from the bottom. It certainly does not indicate that the Social Democrats are making a good job of running Germany. It would also indicate that the mere fact of Commissioner Verheugen’s membership of that party is enough to disqualify him from being the super-Commissioner here in Brussels. Let me close by pointing out that the Lisbon Process does not mean that a large spending programme means that there is money to burn. On the contrary, savings have to be made at the European level too, and so I have no sympathy for the Commission’s demand for a 50% increase in the Budget. That, too, would overburden the net contributors within the European Union. Several Members of this House could do with a thinking and reflection process, and, overall, I believe that a consolidation phase would do the European Union some good."@en1

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