Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-09-15-Speech-3-127"

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"Mr President, it is almost two years ago that President Prodi described the Stability and Growth Pact as stupid. In those two years, the debate has continued to rage and culminated in the Commission proposals which were discussed during the last Ecofin Council in Scheveningen. In my opinion, the Commission proposals offer a basis for continuing to shape the discussion about the Stability and Growth Pact, and the implementation of the Pact continues to benefit from clear and transparent decision-making. There is still a need for unambiguous sanctions. The discussion that is now being held should not harm the Pact’s implementation or trust in the euro. At the time, it was said in the debate that more account should be taken of economic trends, thus enabling the surpluses saved up from prosperous years to be used in lean years. I should like to hear from Mr Zalm whether this suggestion has been taken on board and whether that might well prove to be the key to an acceptable new Pact. I should also like to ask whether the Council could shed more light on the tasks and responsibilities of Ecofin’s next chairman, Mr Juncker."@en1

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