Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-26-Speech-4-021"

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"en.20050526.4.4-021"2
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". Mr President, I shall make some remarks on the economic policy guidelines. We spend a lot of time lamenting the poor performance of the large euro economies, but are economic policy guidelines going to make them perform any better? The guidelines might be better described as a wish list. Governments are urged to maintain sound fiscal policies, increase flexibility, hold down wage rises, improve competition, promote research and development and develop a strong industrial base, all worthy things that governments would like to achieve anyway, but do they need the European Union to tell them so? Rather than giving this advice, I have a better plan. Get off the backs of individuals and businesses, scrap regulations instead of inventing new ones or tightening existing ones like the bureaucratic controls on financial transactions that we were discussing in this House last night. Most of them do not work properly and all of them add costs to business and destroy jobs. Unfortunately, making more rules is the only thing that these institutions are good at. If we could just leave business alone to generate wealth, the EU’s many programmes, such as caring for the environment and providing a high level of social security, might actually be affordable."@en1
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