Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-545"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20101020.21.3-545"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"I voted in favour of the report by Mr Feio, but as I have already had the chance to emphasise, Europe badly needs major reform in this area even if Europe’s new economic governance cannot consider solely the sum of the public debt. We do not need mechanisms to tackle debt that are excessively automatic and pro-cyclical, which risk failing to meet the objective and, if anything, risk hindering actions to boost economic growth. Instead, I favour the adoption of surveillance mechanisms equipped with flexible, reasonable formulas, which can be easily implemented by the Member States. The results and benefits for the budget of important reforms in social and economic matters, above all, pensions reform, are not seen in the following financial year but, after a number of years in the medium and long term, in the sustainability of the public finances. In any case, these are the most important and necessary reforms. Therefore, we must give more and better consideration to the structural reforms required to stimulate competitiveness and economic growth in Europe. Competitiveness brings economic growth and growth brings more tax revenues and effective financial consolidation."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples