Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-130"
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"en.20030312.2.3-130"2
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".
I congratulate Mr Trentin on his excellent and timely report on the annual assessment of the implementation of the stability and convergence programmes, which I fully support, especially with regard to the need in the current context to review the criteria for monetary and budgetary rigidity imposed by the Stability and Growth Pact and by the stability and convergence programmes, because this rigidity has stifled economic growth in the European Union, has failed to provide a response to the high levels of unemployment and inequality and has not ensured sustainable development.
I also wish to highlight the need, whilst meeting the objectives of reducing the budgetary deficit and public debts, to include certain indicators in the framework of the Stability and Growth Pact that can be adapted to the differing national situations, especially to those of the cohesion countries."@en1
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