Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-246"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20081216.31.2-246"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, we all agree that the current crisis is much more severe and much deeper than had been forecast. These are extraordinary times that require exceptional measures, and the French Presidency has been equal to the task.
It is now up to us – essentially Parliament and the Commission – to ensure that all these special assistance measures do not cause irreversible collateral damage to the architecture of Europe.
The first area at risk is competition policy. We are in wartime. Rules of war prevail, but even in wartime the Geneva Convention applies, and it does not, of course, allow banks that have been recapitalised by the state to use this aid to buy up other banks. The Minister knows what I am referring to.
The second area is the Stability and Growth Pact, which I consider a keystone of Europe’s architecture. I applaud the taxation measures that are being taken, but I do not applaud the idea of regarding the public purse as a kind of piggy bank that we can smash with our eyes shut, for the money to fall where it will. This is no Marshall Plan paid for by Uncle Sam. It is an economic recovery plan that will have to be paid for by tomorrow’s taxpayers.
Let us not forget, therefore, that today’s debts are tomorrow’s taxes. The winner here will not be the one who spends most, but the one who spends most sensibly. The only criterion for deciding whether we are spending well or better is whether it helps us recover from the economic crisis and, essentially, create jobs.
I cannot therefore share Mr Rasmussen’s idea that the cleverest pupils in the class are those who have rushed to spend most.
Lastly, there is the matter of financial stability, to which Mr Sarkozy referred. I agree that reforms are needed, the regulatory framework must be revised and we need to make an enormous effort to achieve greater cooperation among European regulators, so long as we do not have a single European economic regulator."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples