Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-16-Speech-2-386"
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"en.20060516.41.2-386"2
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"Madam President, Commissioner, I shall begin by thanking the rapporteur for his contribution to our debates.
I should like to point out three factual elements. The first is the cyclical conditions that place a strain on the public finances of the European Union. Given the rise in oil prices, this is an exogenous factor that we must take into account in our public finance strategies.
The second element is, for its part, practically exogenous with regard to our public finances: I am referring to the policy of the Central Bank and, in particular, to the policy of raising interest rates on which it has embarked.
The third element is undoubtedly more political, and is also an aspect that my political group holds dear, namely that the plea that some people make for structural reforms without accompanying it with a strategy for boosting growth is likely to fail, as there can be no structural reforms without genuine support for growth. That is why I should like to point out two lines of action that I consider to be absolutely crucial.
The first line of action is an investment strategy to help genuinely implement the Lisbon Strategy. From that perspective, I am surprised that my fellow Member, Mr Karas, can, on the one hand, speak in favour of an increase in the allocation for the Lisbon Strategy and, on the other, be getting ready to vote, tomorrow, in favour of the financial perspective as it is proposed to us in the compromise drawn up between our institutions. I believe that there is an inconsistency there for which I hope our fellow citizens will not have to pay a heavy price tomorrow.
The second line of action concerns the issue addressed by Mr Rosati at the end of his report with regard to the conditions for growth and coordination of economic policies within the eurozone. A large number of commitments have just been made under the responsibility of the President of Eurogroup, with the Commissioner's agreement. I believe that we are on the right track, particularly with regard to the harmonisation of the timetable and of the macroeconomic data on the basis of which the Member States evaluate and draft their budgets.
That being said, we still have a great deal left to do and, to that end, I believe that work carried out between the Commission, the Council and the European Parliament should make it possible in the coming months and weeks to come up with practical proposals that would enable the European Union to have a eurozone that is more in line with the kind of prospects for growth that we have a right to expect from having a single currency in our favour."@en1
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