Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-02-16-Speech-3-280"
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"en.20000216.16.3-280"2
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"Mr President, many thanks, first of all, to the rapporteur for his splendid work. It was a subject which called for a large dose of technical skill and I think Mr Knörr has handled it with great precision and professionalism. I would not presume to be able to summarise the content of our proposal better than he has done; I would just like to add one small point: in addition to adaptation to ESA 95, there are two small technical changes which Mr Knörr knows all about, relating to interest and the valuation of debt in foreign currency. I just mention that to complete the view of the process.
Secondly, I would like to thank Mr Knörr for his speediness. He has done really good work in a very short time. This is an important subject for certain references which we have heard subsequently. What we are seeking with this legislation is not to make the statistics reliable and comparable – they already are – but to make them more reliable and more comparable. Obviously, the fact that Parliament has taken its decision so quickly will mean that the March figures can already be calculated on the basis of these new criteria.
That being so, I believe the final result will be better. The figures will be more reliable and more comparable and I think the concerns some Members have raised about compliance with the stability pact can be better addressed.
This regulation is purely instrumental. It does deal with the substance of the problem some of you have raised. But we do need to think about how we deal with the substance of the problem. The stability pact is in place and we will continue to press ahead with monitoring compliance by the various Member States, despite the fact that the results are clearly positive in all the Member States where we have analysed the position as regards the stability of the government deficit. But we see no reason to lower our guard. We must press on in that direction because we know it is vital.
So, once again – and finally – I want to thank you for your help in allowing us to measure stability with greater technical certainty and better comparability."@en1
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