Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-707"
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"en.20101020.26.3-707"2
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"Madam President, honourable Members, the main objective of the Stability and Growth Pact is to maintain price stability within the European Union. Under the terms of the treaty, Member States should conduct a national policy that is consistent with the Stability and Growth Pact and the broad economic policy guidelines.
The Council of 7 September agreed on the introduction of the European Semester from 2011. The main objective of this exercise is to align the timetable for presenting the stability and growth programmes and the national reform programmes, with a view to ensuring consistent structural surveillance at every level of budgetary discipline, macro-economic stability and growth, whilst preserving formally separated individual procedures.
This process will allow for better coordination of economic policies within the European Union and will help to strengthen budgetary discipline, macro-economic stability and growth. This same concern has led the European Union, in accordance with the powers laid down in the treaty, to envisage measures aimed at promoting the recovery while also ensuring this budgetary discipline. Europe 2020, the new EU strategy for employment and smart, sustainable and inclusive growth, adopted by the European Council on 17 June, meets this challenge. Its aim is to change the focus of policies from crisis management to the introduction of medium- and long-term reforms, which specifically promote growth and employment, and which also guarantee the viability of public finances.
As you know, the major objectives identified in the Europe 2020 strategy include an increase in the number of jobs, better conditions for research and development, an improvement in education levels – we touched on this in a previous question – and the promotion of social inclusion, including poverty reduction. To my mind, therefore, there is no mismatch between a stability pact and measures to restore growth and employment."@en1
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