Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-069"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-11-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:2006 annual report on the Euro Area (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20061113.16.1-069"2
lpv:hasSubsequent	lp_eu:2006-11-13-Speech-1-0702
lpv:speaker	lp:Pervenche Berès2
lpv:spokenAs	member; PES (2004-07-20--2009-07-13)3 unknown; Parti socialiste (2004-07-20--2009-07-13)3 chair; ECON (2004-09-01--2007-01-14)3 member; Conference of Committee Chairs (2004-09-01--2007-01-15)3 substitute; Delegation for relations with the People's Republic of China (2004-09-15--2007-03-13)3 substitute; AFCO (2004-07-21--2007-01-14)3 substitute; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2006-01-19--2007-06-19)3
lpv:translated text	"Mr President, Commissioner, I welcome the opportunity presented to us by this debate in plenary to review together the operation of the euro zone at a time when, as you have said, the outlook in certain areas is improving, yet when all agree that the potential for growth is not fully realised and when our economies are handicapped by an exchange rate that makes euro zone exports difficult and leads some of our businesses to contemplate relocation in order to produce their goods in the dollar zone. This report presents an opportunity for review at a time when the Stability Pact has been revised and all agree that the commitments made by the Member States of the euro zone perhaps need to be better differentiated from the commitments made outside of the zone. From this point of view, the report is valuable, and I believe that we must also congratulate our fellow Member Mr García-Margallo on the spirit in which he approached it. We need to go further than reforming the Stability Pact in order to better coordinate timeframes and data and to ensure that, essentially, the Commission and the Central Bank do not evaluate the performances of the Member States of the euro zone solely from the point of view of their deficits, but also in the light of their strengths and weaknesses in a wider context. You mentioned this in your speech, Commissioner, and I am grateful for your having done so. I invite you, moreover, to continue along these lines. There is also a need to link macro-economic analysis more closely with developments on the financial markets. Furthermore, the way in which rating agencies have been able to be involved in the Italian question and to assess that country’s debt must prompt us to be more vigilant, since, if rating agencies had to take a high-level role in the assessment of the debts of the Member States, there would be a very serious risk with regard to the leadership of the euro zone. One final word, Commissioner, to reinforce what has been said by several others on the subject of exchange rates: we need more economic policies and economic leadership in this area."@en1

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