Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-18-Speech-4-130"
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"en.20000518.4.4-130"2
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"The Pomés Ruiz report rigorously defends the principles of the Solidarity Pact, particularly as regards fiscal consolidation as a means of ensuring the sole objective of price stability. The analysis of the nominal convergence criteria is silent with regard to its consequences in terms of the risk of economic deflation, the adverse effect on public investment, economic growth and policies to combat unemployment.
However, the rapporteur goes even further in supporting the Commission’s recommendations. He believes that it is necessary to anticipate in good time the objectives put forward in the stability and convergence programmes, so as to take advantage of the current ‘much-improved economic environment’. He therefore proposes swifter acceleration of fiscal consolidation, of structural reforms and of privatisation, and the “modernisation” of social protection, recommendations which have, in fact, already been made by the European Commission, particularly with regard to Portugal, in relation to the liberalisation of transport and energy and labour market flexibility, which is unacceptable. We have accordingly voted against the report."@en1
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