Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-024"
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"en.20010704.1.3-024"2
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"Madam President, Mr President-in-Office of the Council, Mr President of the Commission, I appreciated the fact, Mr Verhofstadt, that you frankly acknowledged what you rightly called an ‘identity crisis’ in Europe between the citizens and the European Union, and that you stressed the need to take their aspirations seriously so that, as you said, we can bring the citizens closer to Europe. It makes a change from the all too frequent speeches designed to mollify, which people can no longer listen to because of all the contradictions that are glossed over. It is only natural that new issues will arise from experience, which call for changes, innovations, and sometimes a questioning of matters that were believed to be done and dusted. No subject should be taboo – we must acknowledge the problems, as you stressed.
In this spirit, I would like to mention a few issues that surface increasingly often in the debate provoked by the changes that are now affecting the European Union. I believe that these issues should be raised as part of the exchange of ideas that you are hoping to promote during your presidency. We have been repeatedly told, for example, that the eurozone was shielded from the major repercussions of the economic slowdown in the US. We must now admit that, unfortunately, this has not been the case. This is quite a serious misdiagnosis. What sort of analysis is being carried out? What sort of lessons in economic and monetary policy must we learn from this, so as to avoid the European economy becoming entangled in the American financial bubble that is now about to burst over us? I would reiterate that, over six years, there has been a nine-fold increase in the amount of European capital flowing to the United States which, last year, reached over USD 220 billion.
There is another example that Mr Duisenberg himself sometimes uses – in contrast to the US Federal Reserve, which is required under its mandate to promote employment and growth, the European Central Bank is not required to deal with these problems, which are indeed at the heart of all of our concerns. Do the European citizens know this? And what do they really think of this, when in fact unemployment is on the increase and growth is in decline? Should we not give some thought to this subject?
I have another example – the Stability Pact requires Member States to rationalise their public and social spending. If we merely follow this policy over the coming months, will it not lead to an economic slowdown, at a time when we actually need to stimulate growth? In what way can we revise the usual criteria or the way in which they are implemented in order to overcome this contradiction?
Generally speaking, the fundamental question that the new, and rapidly deteriorating, economic circumstances raise and indeed force us to consider is, in my view, the following: what sort of political creativity can we come up with in order to avoid serious tension arising in all our societies even between some of the Member States, and, more importantly, with the candidate countries? This question cannot be answered by some sort of project to elect the President of the Commission by universal suffrage. I think that we will have to attack the hard core of the neo-liberal model, which pervades European integration to an excessive degree. I also think that we are going to have to listen as well as involve the social actors and citizens in this necessary change.
Mr President-in-Office of the Council, I would like to know how courageous and daring the Belgian presidency, which you have launched today, is prepared to be in this area?"@en1
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