Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-179"
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"en.20011003.6.3-179"2
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"Madam President, I welcome the opportunity to make a few, but important, points on the Stability and Growth Pact. There is a role for economic policy coordination, but it must be applied in a sensible and balanced manner in all Member States. There are, however, serious policy differences between what the Commission is now proposing and what was agreed at the Ecofin Council in Helsinki in 1999, when it was agreed that Member States ‘determine their budgetary policies in consistency with the Treaty’, but that this commitment leaves room for domestic policy choices.
This week the Commission published a welcome White Paper on European governance, the thrust of which reflects the need for EU institutions to listen, rather than dictate. There is a clear signal coming from EU citizens that while they continue to support the thrust of EU integration, they want it to happen in a manner which reflects the independence and the integrity of each Member State and its citizens. There are those in this House, and indeed within the administration, who are blindly rushing towards the creation of a federalist Europe. They are in my mind doing a disservice to the vision of Europe's founding fathers and will, I predict, be stopped in their tracks by citizen reaction. Events in the real world can rarely be dealt with by means of a predetermined, prescriptive set of rules. Over-regulation stifles initiative and, therefore, progress and prosperity."@en1
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