Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-178"
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"en.20050309.15.3-178"2
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"Mr President, President-in-Office of the Council, President of the Commission, ladies and gentlemen, as has already been said, the forthcoming Spring European Council has two main topics: the reform of the Stability and Growth Pact and the review of the Lisbon Strategy.
Looking beyond the current compromises, inevitable hypocrisies and tiresome tactical manoeuvring between those who want rigour and those who want flexibility, between grasshoppers and ants, the essence of the debate on the Stability and Growth Pact still remains the golden rule, or how to introduce flexibility into the budget rules honourably, without resorting to opportunistic or artful means.
The compromise that is emerging appears to be useful, but it will not solve everything. A golden rule applied
will do little for development, while it is liable to lose us our credibility and reputation. A clear
strategy of deficit spending on objectives at a European level would be more useful, but we are probably not yet mature enough to make that kind of choice.
The same may be said for the review of the Lisbon Strategy. Redefining the objectives will be of little use if the toolkit still consists of subsidiarity, open coordination, peer pressure and moral persuasion, particularly during a slump. What is needed are direct-action instruments, such as European action plans, but we are not yet mature enough for those either.
I feel, therefore, that we need maturity in order to have more Europe, that is to say in order to be able to decide once and for all what kind of economic constitution we want for our Europe, over and above our selfish national interests. The challenges of globalisation really do not leave us much time any more."@en1
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