Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-17-Speech-3-017"

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"Mr President, the Liberal Group will support the Katiforis report on the broad guidelines for economic policies, which we are especially satisfied with since many of our observations were accepted during the debate in committee. At a time when we are debating the weakness of the euro, at least in relation to the dollar, I think that we would do well to remember that the state of the European economy is solid and offers a framework for stability and solidity as well as excellent prospects for growth and employment. In short, we can look forward to very positive development over the next few years. Therefore, the fact that, in some ways, the US economy is doing better than the European economy, at least in terms of growth forecasts, should not mask the fact that the European economy is doing well at the moment. Furthermore, it is the European economy which is funding a good portion of US development. However, we should not only be concentrating on the more positive aspects; we should also be taking note of the fragility of continued growth and solidity in the European economy. In order to overcome this fragility, in our view, we need the European economy to function better, since it is still subject to excessive corporate rigidity, in both the public and private sectors, and on the part of both economic and social operators. We therefore propose greater adaptability and flexibility in the labour market. This would clearly involve the removal of the existing obstacles to the proper functioning of the European internal market and a deep reform of the tax system, with the adoption of a tax package at European level. To sum up, we should overcome the conservatism which still exists in certain economic and social areas of the European Union."@en1

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