Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-039"
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"en.20100324.12.3-039"2
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"Madam President, we feel that the draft Council conclusions that we have all seen leaked this week could spell a very real danger for the European Union.
The conclusions talk about a timely exit from exceptional support measures. What does that mean in practice? We saw from the Ecofin conclusions last week that they want to see a withdrawal of labour market support measures from the end of 2010. In December, Council talked about the need for all Member States to return to the Stability Pact criteria by the end of 2013.
We feel that timetable is hopelessly optimistic. If we follow that prescription of a rigid return to the Stability Pact criteria by the end of 2013, it will be a recipe for huge cuts in public spending and public provision, unemployment will rise, tax takes will be reduced, and we will enter a period of sluggish growth that could lead to a real reduction in the economic potential of the European Union for many years to come. It is a recipe for disaster.
What we need instead is a smart balance between responsible fiscal policy on the one hand and continued labour market support on the other. We need a sustained social and sustainable exit strategy.
The Danish Labour Institute has produced figures today. They say that, if the emergency exit strategies agreed by 20 Member States with the Commission are followed, an additional 4.5 million European citizens will needlessly be in the unemployment queues by the end of 2013. That can be avoided. We have to avoid it. One of the calls we are making, therefore, is for a two-year moratorium on withdrawal of support measures.
Incidentally, this week, we are also proposing a new European mechanism for financial stability. I hoped President Barroso would still be here because I wanted to say that we would not mind at all if he stole our ideas and presented them as a recommendation to Council tomorrow."@en1
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