Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-08-Speech-3-290"
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"en.20050608.21.3-290"2
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".
The latest available data prove that public finances in the European Union are a well-kept secret, because we can be aware of some figures only later to find out that the true figures are quite different. This is a problem we should address irrespective of whether we are speaking of a small or a big country. Therefore, the proposals drawn up by the Commission are truly well-timed and necessary; however, as a representative of the Lithuanian state, which has always showed due diligence in implementing stringent fiscal policy and cost-saving measures at the expense of public services so as to execute all European Union requirements, I can only regret that we have learnt now that we possibly may not have had to implement those requirements. I am saying this to make you understand the reaction of new Members. I would like to emphasise that we should not expect any of our decisions or audit missions to ensure the transparency of public finances, reliability of data and the stability of finances directly. This should be done by the Member States themselves. They must achieve the actual implementation of all provisions. Therefore, I regret that the Code of Ethics has not been presented as yet and that the provisions of this reviewed version of the Stability and Growth Pact, as proposed, may not be observed. Why was it necessary to carry out the revision in view of the probability that we may not actually follow its new provisions? In general, the review of the Stability and Growth Pact is not a bad thing, as the experience in my country has shown that excessively stringent regulations curb growth and produce certain deflationary pressures. Moreover, structural reforms are impossible to implement without additional expenditures; however, we should not forget that all this can only be achieved via the coordination of economic policy, which should be future-oriented and secure. The European Union countries have no choice but to achieve financial stability and coordinate economic policy and measures, as we have mentioned during our morning discussion of the Constitution."@en1
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