Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-11-15-Speech-3-172"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20001115.8.3-172"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
Mr President, Commissioner, we are grateful to you for your report on trends in net government borrowing in the European Union, Mr Solbes Mira. I believe that, overall, the message here is a positive one. When the Maastricht Treaty was drawn up, it was assumed that maximum permissible net government borrowing would be 3%. Today, taking the average for the euro area, it has dropped back to around 1%, and we are moving towards balanced budgets, that is to say very much in the right direction.
Commissioner, does it not worry you that it appears that in Germany next year, instead of falling, net government borrowing will increase by a further 0.5%, despite the fact that income from UMTS licences this year has been like manna from heaven for Germany's finances? We have noted that this development is taking place in the largest country in the euro area, whereas the Netherlands and Finland have already achieved what we are seeking, that is budget surpluses which enable excessive debt to be repaid. So let me ask you once again: does this not worry you? I would like to stress once again that we in the Group of the European People's Party regard the independence of the European Central Bank, combined with consistent application of stability and growth factors, as being a fundamental requirement for price stability in Europe."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples