Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-04-Speech-4-105"

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"en.20011004.3.4-105"2
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". This report demonstrates little concern for the social and economic situation of certain Member States and dwells on the need to pursue budgetary consolidation and compliance with the Stability Pact. This is a very short-sighted position, which is why we propose it be removed. What is really required is the immediate suspension of the Stability Pact and a thorough review of its objectives, criteria and bases. We also disagree with the idea that public investment is not a solution to the crisis or that it is generally poorly managed and led, which is why we have tabled a proposal for an amendment that highlights the importance of public investment for economic growth and employment. A degree of commitment to solving social problems, job creation and combating social exclusion and poverty require no longer attaching priority to maintaining monetary stability at all costs, when we know that the consequences of this will be further unemployment, wage caps and more poverty. Deplorably, the various amendments we tabled on a thorough rewording of the report have not been adopted."@en1

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