Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-073-000"
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"en.20120215.5.3-073-000"2
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"Mr President, Minister, Commissioner, every year, the Annual Growth Survey allows us to define the European Union’s economic and budgetary priorities and actions.
I should first like to thank the Commission for having published its report before the end of November, thus allowing Parliament to carry out, in good time, some painstaking work. We would like this schedule to become permanent, so that Parliament has time enough to express its views before annual economic guidelines are decided upon by the Spring European Council.
This year, on the occasion of the review of this report, Parliament wishes to strongly urge Member States to implement effectively those measures required by the policies that they themselves have undertaken to pursue. Obviously, the primary aim of these measures should be to find a way out of the sovereign debt crisis. They should go hand in hand with a growth strategy based on improving competitiveness. It is clearly also important to promote a sustainable economy which creates jobs.
Parliament agrees with the Commission’s analysis that efforts at national and EU level should concentrate on the following five priorities: pursuing differentiated growth-friendly fiscal consolidation, while ensuring economic recovery and job creation; ensuring long-term financing of the real economy; promoting sustainable growth through more competitiveness and investments; tackling unemployment and the social consequences of the crisis, and, finally, modernising EU public administration and services of general interest.
As regards fiscal consolidation, Member States should pursue differentiated strategies according to their budgetary situations and keep their public expenditure growth below the rate of medium-term trend GDP growth. Member States must prioritise, on the expenditure and revenue sides of the budget, growth-friendly policies, particularly in the areas of education, research, innovation, infrastructure and energy, and ensure the efficiency of such expenditures and revenues.
As regards ensuring the long-term financing of the real economy, Parliament welcomes the determined efforts by Commissioner Barnier to overhaul the regulation and supervision of the financial sector. If investor confidence is to be restored, the banks’ capital positions must be strengthened and measures must be taken to support their access to funding.
Thirdly, the promotion of sustainable growth presupposes an increase in the competitiveness of investments. In this respect, Parliament is worried by the macro-economic imbalances within the EU and the fact that many Member States are falling behind in terms of productivity. Enhanced coordination of economic policies as well as structural reforms are needed to tackle these problems in both deficit and surplus countries in an adequate way.
Modernising EU public administration and services of general interest is also a determining element of competitiveness and an important productivity factor.
In future, Parliament wishes to be more closely involved in drawing up the main political and economic guidelines. It should be noted that the European Semester is now part of EU secondary legislation. The economic governance legal framework provides the tool of economic dialogue to enhance the dialogue between the EU institutions and to ensure greater transparency. We are anxious for this to be so, and I shall conclude shortly after the various speeches to be made, in the two minutes that remain to me, Mr President."@en1
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