Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-09-Speech-2-391"

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"en.20100309.24.2-391"2
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"Starting with the second question if you do not mind, it is indeed very important to have a more stable macro-economic environment. In the previous answer, I referred to the importance of a comprehensive economic policy in order to create a more stable environment, and indeed what was mentioned as the ‘neoliberal trend’ of recent decades needs to be reviewed. In Europe 2020, we have a number of initiatives, and I would like in particular to mention the chapter on financial regulation. This is a substantial change as compared to the previous regime and comes from the intention to stabilise the macro-economic environment which would relieve the pressure on the fiscal systems that are meant to support social protection systems and employment policies. Concerning the abuse and the effectiveness of the social protection systems, indeed, the crisis is a test in this respect. What the Commission can do is to use the open method of coordination and the analytical and reporting capacity available to it to help Member States to better focus the social protection measures. The challenge in crisis times, which was mentioned in the question, but also in the coming period, when various Member Sates will face the need for fiscal consolidation, will really be a test, and we cannot easily find more resources for fighting poverty. That is why we need to share experiences about how to use our instruments more effectively and how to target the vulnerable groups better."@en1
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