Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-032"

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"en.20100922.3.3-032"2
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"Mr President, on economic governance, my group supports efforts to achieve stronger European economic coordination, but we have serious doubts about the direction being followed by the Commission and Council. In essence, they want to strengthen an imbalanced policy approach which has failed us now for over a decade. This mistaken view is based on the assumption that balanced budgets combined with more flexible labour markets will, per se, bring about properly shared growth and prosperity. Sound public finances are very important, but at any point in time we must get the balance right between potentially conflicting policy objectives. This is being ignored. What is proposed for the 24 million unemployed across Europe? The answer is fiscal consolidation and a gradual reduction in social protection. That is not good enough. We need economic governance that can achieve a balanced policy mix, with sound public finances and high quality full employment. The two objectives must go hand in hand. The reform of the current system will be a missed opportunity if the policy focus remains solely on balancing budgets and reducing public debt. That strategy is wrong, from both an economic and social standpoint."@en1
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