Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-187"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-10-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Growth and Stability Pact – Informal ECOFIN of 22/23 September in Liege2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20011003.6.3-187"2
lpv:hasSubsequent	lp_eu:2001-10-03-Speech-3-1882
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	co-chair; EDD (2001-01-30--2004-07-19)3 unknown; Staatkundig Gereformeerde Partij - Gereformeerd Politiek Verbond - Reformatorisch Politieke Federatie (1999-07-20--2002-03-17)3 member; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3 substitute; Committee on Citizens' Freedoms and Rights, Justice and Home Affairs (2001-09-10--2002-01-14)3 member; ECON (2000-02-02--2002-01-14)3 member; Temporary committee on human genetics and other new technologies in modern medicine (2000-12-13--2001-11-29)3 member; Delegation to the EU-Slovak Republic Joint Parliamentary Committee (1999-09-28--2002-01-14)3 substitute; Delegation to the EU-Slovenia Joint Parliamentary Committee (1999-09-29--2002-01-14)3
lpv:translated text	"Mr President, the resolution by the ELDR Group and the PPE-DE Group has received my backing. I have always been in favour of strict compliance with the criteria of the Stability Pact. In this time of uncertainty, extra alertness is called for. Various Member States are entering the danger zone. A major advantage of budgetary discipline is manifesting itself: room for automatic stabilisers. I would like to note in this connection that increasing expenditure is no solution. What will prove decisive is the quality of the Stability Pact in combination with the necessary reforms in the economy as a whole. The resolution mentions that the distribution of authority between the Member States and the Union leads to negative action at Member State level. The reverse is also true. The Union’s monetary decisions can adversely affect a Member State, for example, in the form of high inflation due to an unwelcome drop in interest rates. I welcome the attention that this area of tension is receiving. Thanks to the EMU’s favourable effect, the European economy can become more stable. Time will tell whether this is proportionate to the loss of custom-made solutions for the Member States. Budgetary discipline will be crucial in obtaining this stability."@en1

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