Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-14-Speech-3-274"
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"en.20010314.11.3-274"2
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"Mr President, ladies and gentlemen, I wish to thank Mrs Kauppi for her work and for her explanation. I understand that this is a very technical and complex piece of work but I would say that, ultimately, what we are dealing with is a relatively straightforward matter: changes have been made, as Mrs Kauppi explained very clearly, to the accounting criteria for the swaps arrangements and forward rate agreements.
On paper, there are arguments for and against these changes, but the introduction of the new concept and the changes made to SEC 95 in order to enable us to adapt to the criteria that are widely accepted today definitely posed a problem with regard to the system for calculating public deficits. They also altered the figures that we had hitherto taken into consideration, which produced an imbalanced approach and those responsible for managing the public debt of the Member States have suggested that we continue with the previous system for excessive public debt.
The Commission feels that this is an acceptable approach because the alternative would be to modify the previous system.
We are not talking about deliberate, statistical lies. We are simply talking about applying different criteria to different objectives. In our view, the matter does not present major difficulties and will even provide greater coherence. In the long term, we will certainly have to find a way to harmonise these two concepts, but we think that at the moment, the best approach is to maintain the criteria for excessive public deficits as they are currently applied.
In this respect, I can also inform you that the amendments tabled by the rapporteur are perfectly acceptable to the Commission."@en1
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