Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-21-Speech-1-052"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-10-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Stability and Growth Pact2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20021021.4.1-052"2
lpv:hasSubsequent	lp_eu:2002-10-21-Speech-1-0532
lpv:speaker	lp:Peter Skinner2
lpv:spoken text	"Mr President, economies differ – that is just a fact. The Stability and Growth Pact has to have a far more sophisticated interpretation. The background for this has to be sound public finances and a stable economy. Furthermore, as you have stated, it needs to take into account the economic cycle for budgetary policy. Also, further reforms have to be sustainable, measured against the country's debt profile. We must also allow for public investment, because that can lead to the growth that you referred to in the Lisbon Summit and not just deal with welfare. Countries like the United Kingdom for example after all those disastrous years of under-investment under Tory governments, need to catch up and we must be able to let them do that. But the fact is that, as the old joke says, 'if you line up all the economists around the world head to toe, you may never reach a conclusion'. What we do not want is to line up the Commission head to toe and find out that all that is left is inconsistency. Let us change the Stability and Growth Pact. Let us make it flexible – you can help do that – but let us recognise that it has to be a sophisticated instrument in a real economy."@en1
lpv:spokenAs	unknown; Labour Party (1999-07-20--2004-07-19)3,3 substitute; EMPL (2002-01-17--2004-07-19)3,3 member; ECON (2002-01-17--2004-07-19)3,3 member; PES (1999-07-20--2004-07-19)3,3 member; Delegation for relations with the United States (2002-02-07--2004-07-19)3,3
lpv:unclassifiedMetadata	"Skinner (PSE )."1

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