Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-09-15-Speech-3-134"

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"Mr President, the Court of Justice’s ruling of 13 July was a positive development in the battle of the Stability and Growth Pact. It was a clear signal from an independent body, which decided in the European Commission’s favour with regard to its approach towards Member States exceeding the 3% standard structurally. Now, however, the self-same Commission, albeit with a new Commissioner, is tabling a proposal for reforming the Stability and Growth Pact, the ambiguity of which will make it particularly welcome in the auditors’ offices of those governments that do not play by the rules. The Commission has a more intelligent application of the Pact in mind, but I wonder which definition of intelligence it is using, for since when has it been intelligent to reward infringements? Let us not make things more complicated than they already are. The Pact’s strength lies in its simplicity. Two large Member States are now seeking a solution for their economic situation in difficult times, at the expense of the Pact, and are all too pleased to take an advance on the future. How can we be certain, though, that in a new system, those Member States, France and Germany, will continue to observe the agreements and above all, as Mr Klinz commented earlier, will carry out the necessary economic reforms? I totally agree with the Chairman of Ecofin that a review of the Pact could, of course, prove useful. However, whilst in the past I was a fervent advocate of a much stronger role of the Commission in enforcing the Pact, the new Commissioner will have a job persuading me that the Pact is in good hands with him. It is just as well that the Council, under the Dutch Presidency, has at least demonstrated its responsibility."@en1

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