Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-26-Speech-4-113"

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"en.20040226.5.4-113"2
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"There are a great many gaps in the description of the European Union's economic and social situation contained in the report, although there is no denying the marked slowdown in economic performance since 2000, the rise in unemployment and the continuing high levels of poverty and of early school dropout rates. Nevertheless, the trends identified have not altered one comma of the guidelines for economic and monetary policy being followed, which continue to favour the ‘structural reforms’ of the ‘Lisbon strategy’ as a means of achieving the sacrosanct objective of increasing competitiveness. I am therefore voting against this report. It has been overlooked that due in large part to the constraints imposed by the Stability Pact and by an excessively restrictive monetary policy, there has been a continuous decline in the rate of GDP growth in the European Union, with Europe's economy in a state of stagnation leading to an increase in unemployment. A policy should be implemented to boost economic growth and to support short- and medium-term demand, through a commitment to promoting output and jobs with a view to fostering economic growth, employment and social cohesion, and based on a sustained increase in public investment at national and Community level, especially in basic infrastructure, in professional skills and training, in research and innovation, in the environment and in support for small- and medium-sized enterprises."@en1

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