Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-20-Speech-3-039"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-03-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Results of European Council (Barcelona, 15/16 March 2002)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20020320.5.3-039"2
lpv:hasSubsequent	lp_eu:2002-03-20-Speech-3-0402
lpv:speaker	lp:Georges Berthu2
lpv:spokenAs	substitute; Delegation to the European Economic Area Joint Parliamentary Committee (EEA) (2002-02-07--2004-07-19)3 substitute; ECON (2002-01-17--2004-07-19)3 member; NA (2001-01-31--2004-07-19)3 unknown; Mouvement pour la France (2000-11-23--2004-07-19)3 member; AFCO (2002-01-17--2004-07-19)3 member; Delegation for relations with Canada (2002-02-07--2004-07-19)3
lpv:translated text	"Mr President, the Barcelona Council reiterated the Member States’ commitment to reach a budgetary objective that would be close to balance or in surplus by 2004 at the latest. It is easy to imagine how restrictive this objective is for countries which are currently running national election campaigns. That is why we must be cautious regarding the proposal put forward by the French Prime Minister, who suggested establishing a shared government budget for the eurozone which is an essential complement to the single monetary policy. The concept of a single European budget is, fundamentally, in line with the new integrated monetary system. At the same time, however, everyone can see that the aim of this manoeuvre is to reduce the deficit of negligent Member States by using the surplus of the Member States that pay their way. This illustrates that the euro can have a perverse effect in that it takes away responsibility from the national governments, something that is already well underway with each country’s exchange rates being abolished. Since the spontaneous discipline of the market upon the national administrations is gradually disappearing, it must be replaced by establishing a central administrative authority which will hand out orders. This explains why the Barcelona European Council came to the logical decision, in the light of previous events, to strengthen the existing mechanisms of budgetary coordination and called on the Commission to present proposals on this issue after the general elections have been held in France and Germany. Mr President, the consequences of the euro are beginning to be felt."@en1

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