Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-322"

PredicateValue (sorted: default)
rdf:type
dcterms:Date
dcterms:Is Part Of
dcterms:Language
lpv:document identification number
"en.20011003.9.3-322"2
lpv:hasSubsequent
lpv:speaker
lpv:spokenAs
lpv:translated text
"Mr President, as usual, I am in full agreement with Mrs Peijs. That is why I shall mainly confine myself to the report by Mrs Berès. The European Monetary Union is accompanied by a certain level of coordination in the field of budgets. However, coordination which goes beyond what is necessary for the EMU deserves to be questioned. Further coordination can only be justified through sound reasoning, but this is lacking in both the Commission communication and in the Berès report. There are, however, situations which require coordination. The Commission mentions resistance to shocks as an example. A recent illustration is the granting of subsidies to airline companies following the attack in the United States. This is an excellent example of decisive action on the part of the Council of Ministers. Coordination which goes beyond what is required will even prove counterproductive. Labour participation, company policy, taxes – these are all matters which should fall within the remit of the Member States. In substance, they give little reason for more coordination at European level. Coordination of economic policy should not be used as a red herring. After all, it is evident that times of economic adversity make it more difficult for the Member States to adhere to the EMU’s underlying principle: the Stability Pact. The much-needed structural reforms should help meet the budgetary criteria. Member States cannot afford to postpone using this instrument in order to obtain more permanent and responsible growth. This growth is vital in order to secure the Stability Pact. The need for reform is therefore all the more pressing. It is, therefore, with good reason that the report does not nominate many concrete matters for coordination. It is always useful to exchange information on economic policy decisions. More important, however, is the quality of the decisions . The report does not comment on the motives for closer cooperation. This does nothing to help the case for coordination. With the EMU, the European economies should not lose their own economic policies, tailored to their specific dynamics and character."@en1
lpv:unclassifiedMetadata

Named graphs describing this resource:

1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

The resource appears as object in 2 triples

Context graph