Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-08-Speech-3-297"
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"en.20050608.21.3-297"2
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"Mr President, Commissioner, ladies and gentlemen, basically, if I look at what happened in France on 29 May objectively, a lot of reasons are mentioned, including enlargement. Personally, the difficulty we are having in taking advantage of all the space and all the added value that economic and monetary union should have brought us is a real source of concern to me, and I believe it is the real explanation for what happened in my country.
Today we are debating reform of the Stability and Growth Pact, and I would like to express my agreement with my fellow Member Mrs Kauppi on one point. This reform will not bring us all the answers we need if, finally, we are to find the right solution in the euro zone, which ought to be the engine for growth in the Europe of the Twenty-Five as a whole.
Let us, however, accept that what you have done, Commissioner, in agreement with the President of the Euro Group, is a step in the right direction. I hope, moreover, that you will be wise enough to accept some of the European Parliament’s amendments so that we can bring these negotiations to a conclusion under the Luxembourg Presidency. So far as statistical reform, predictability and agreement on the macroeconomic data that should underlie the preparation of the Member States’ budgets are concerned, it seems to me that there are things that should allow us to move in the right direction. This stage is, of course, only one among others, however.
On one point I must disagree with Mrs Kauppi, however. It came up repeatedly in our debates in the Committee on Economic and Monetary Affairs: on its own, structural reform will not be enough to restore domestic confidence, stimulate internal demand and achieve the objectives of the Lisbon strategy.
What we need is more coordination and, on this subject, I absolutely deplore the lack of thinking since economic and monetary union. We need to develop more means, to find other ways besides the Stability Pact, which is still not adequately geared to growth. I wish you good luck for this first stage, Commissioner."@en1
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