Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-067-000"
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"en.20120613.6.3-067-000"2
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"Mr President, firstly, congratulations to Mr Lewandowski. However, the person I really want to wish all the best is not you, but rather your namesake, Robert, of Borussia Dortmund – I hope he manages to score to take Poland into the quarter finals. That really would be something to celebrate.
We have just heard a few things about the Council and the future of Europe that this Council is to decide on, that are to be debated. Listening to what Mr Bokros has said here, I believe this to be very important. The crucial thing as regards everything that we are debating in relation to the multiannual financial framework, in relation to the budget, is whether the private sector is going to invest again, whether the private sector will regain its confidence in the European economy and its prospects. This is the decisive factor. Public budgets can only provide incentives at best. The Social Democrats sometimes need that explaining to them. You cannot buy growth; you can only enable growth.
That is why it is crucial that the structural reforms that President Barroso mentioned come about. The second really crucial thing is the debt redemption pact; a clear, effective debt redemption pact linked to clear conditions which will relieve the burden on the budgets in the Member States, which at present, despite all their efforts – in Italy, for example – simply cannot emerge from the constraints of their refinancing. We therefore need a clear and effective debt redemption pact."@en1
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