Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-16-Speech-2-382"
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"en.20060516.41.2-382"2
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".
I thank the Member of the Commission for the good news about the European Union's improving economic situation – this is one of a few pieces of good news for Lithuania today.
However, I would like to talk about the public finance policy. According to the Treaties this should be formed at the national level, but the stability of the common currency – the Euro – and growth in the competitiveness of the entire European Union is dependent on its successful implementation. Therefore we must determine reference points in the public finance policy which would help to reconcile the Member States' interests with the objectives of the Community. It must be emphasised that the report presented by Mr Rosati reflects to a degree the endeavour of balancing both these viewpoints, and I would like to thank the rapporteur for this. It is the ALDE Group's opinion that the following measures could ensure more effective coordination of the European Union’s public finance policy.
Firstly, measures of organisational nature, that is, forecasts of basic economic indicators made at the Community level, which would increase the reliability of the Member States' financial forecasts. Secondly, preparation of coordinated timetable of budgetary procedures of the EU Member States, preferably for at least two years. Thirdly, we would encourage public statements and transparent obligations of the Member States’ governments, proving that they are striving for fiscal balance, as this would ensure public supervision.
Measures of an economic nature, which we would support, first of all include the need to define a European macroeconomic policy which is outward-looking and competitive. In this respect there could be more coordination in ECOFIN Council meetings. Appropriate tax initiatives, which stimulate modernisation of the economic structure and citizen activity, should also be a priority. The third priority should be the fostering of fiscal discipline, based on the best practices of the Member States.
We use this method rarely, but some countries have actually achieved rather good results by solving fiscal administration management problems, and the Commission could prepare a report or document summarising the best examples, instead of shall we say, reproaching one country or another all the time.
The fourth measure is extremely important – we believe that attention should be turned from encouraging private investments to encouraging savings, as this is one of the basic macroeconomic initiatives."@en1
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