Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-09-15-Speech-3-122"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-09-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Stability and Growth Pact2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20040915.6.3-122"2
lpv:hasSubsequent	lp_eu:2004-09-15-Speech-3-1232
lpv:speaker	lp:Nils Lundgren2
lpv:spokenAs	member_of_the_bureau; IND/DEM (2004-07-20--2007-06-12)3 vice-chair; CONT (2004-07-23--2007-01-14)3 substitute; ECON (2004-07-21--2007-01-14)3 unknown; Junilistan (2004-07-20--2009-07-13)3 member; ITRE (2004-07-21--2007-01-14)3
lpv:translated text	"Mr President, in modern economies, the budget balance operates as an automatic stabiliser of the real economy. Stability in the real economy and, thus, employment therefore presuppose instability in the budget balance. The Stability and Growth Pact was, therefore, in essence badly thought out. By placing the emphasis on stability within the public finances, it contributed to instability in employment. The Commission’s reform plan is therefore a step in the right direction, but it gives cause for concern. This step is being taken because large and powerful countries failed to meet the demands made in the Stability and Growth Pact. Intellectual arguments and political will to stabilise employment were not enough. It does not bode well for continued cooperation within the EU that power is more important than intellectual arguments. It was therefore right, and important, to demand that large countries too follow the applicable rules even when these appear less appropriate. The problems are now diminishing for countries with high structural budget deficits such as France and Germany, but increasing for countries with high public debts such as Italy, Greece and Belgium."@en1

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