Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-179"
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"en.20050309.15.3-179"2
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"Mr President, President of the Commission, ladies and gentlemen, the stalemate that has been created in recent days over the review of the Stability and Growth Pact shows that we have to learn how to manage flexibility. The long list of major exceptions prepared by the Luxembourg Presidency, which would allow the deficit reference figure to be exceeded on a temporary basis, has obviously opened up a Pandora’s box of national requests.
If we continue like this, nothing will be achieved and we will resign ourselves to keeping the Pact as it is, as something more or less nonsensical. Instead, we need to follow the obvious path of having a single important exception, allowing the possibility of derogation only for precise, circumscribed European initiatives in the areas of training, research and major physical and intangible infrastructure networks. We therefore need to tie any flexibility in the Pact to real European added value through investment.
The experience of recent days also teaches us that the Union’s economic policies need to be properly coordinated. I have the impression, however, that the Member States’ governments are adopting a strategy of slowly and gently weakening the Commission’s role. We shall probably also be able to see this during the debate on the Financial Perspectives in June, when it is not difficult to foresee a fresh attack on the credibility of the Community aspect of the European Union."@en1
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