Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-071-000"

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"( Madam President, this issue raises a question, just one question: at European level what can we do to give work to those who do not have it? To respond to that question I want to make clear the first agreed point. There can be no sustainable growth without a stable macroeconomy. Some of the quick solutions that have been proposed here, especially from the leftwing Members, would mean bread for today and hunger for tomorrow. The second agreed point is that Europe 2020 is a compendium of good intentions, it sounds good, but we have to move from contemplation to action. What are we going to do? How are we going to finance the proposed initiatives and actions? Is the ambition contained in the words of the 2020 Strategy compatible with the budgets cuts that have been announced? The third agreed point is that we need a complete picture if we are to set ourselves on the right path towards stable growth. To date this picture does not yet exist. What is currently happening in the Economic and Financial Affairs Council shows that among them there are a huge amount of scattered, incoherent and inconsistent ideas. There are three important actions to be taken. Firstly, stifling countries in difficulties cannot continue, and can be solved by a joint issuing of European bonds. Secondly, the bonds specified in the Monti Report have to be implemented, but they are not mentioned in the Europe 2020 Economic Strategy. Thirdly, we have to use the European Investment Bank’s resources, two thirds of which are the Commission’s, and which would only have to be increased fourfold in 10 years in order to equal the money that the Marshall Plan had for the reconstruction of the European economy."@en1
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"José Manuel García-Margallo y Marfil (PPE ). -"1
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