Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-02-22-Speech-2-050"
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"en.20050222.4.2-050"2
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"Mr President, I agree with the analyses expressed here this morning insisting on Europe’s need for more growth and more employment.
More growth to confront the challenges facing us as Europeans: the challenge of enlargement, the challenge of creating jobs for our women and young people. More growth so that Europe can play the leading role it deserves in the world economy, since, otherwise, the world economy will not have balanced growth. As Mr Rasmussen has just emphasised, that means that European consumers and European investors need more confidence, they need confidence policies, policies, in short, on which to base their consumption and investment decisions. In turn, that confidence requires healthy public finances and budgetary balance. Budgetary balance means less taxes for workers and for small and medium-sized businesses, less taxes in order to compete more successfully within the globalised world economy.
Making the Stability Pact more flexible would be a grave error and, Mr Almunia, Commissioner, the press coverage of the debates in Ecofin are not inspiring confidence; the confrontation amongst European governments in relation to promoting the flexibility of the Stability Pact sends a negative message in terms of the confidence of the markets. Together with a firm Stability Pact, we need structural reforms. We need a more flexible economy, not ultimately one that is good for the few, but a balanced economy which supports our growth on the basis of flexibility and competitiveness."@en1
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