Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-15-Speech-3-120"
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"en.20020515.5.3-120"2
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"We voted against the Marinos report because it essentially supports the application of the Stability and Growth Pact, as the Commission has indeed just advocated in Commissioner Solbes's speech, which emphasised the importance of stability and of achieving a near-balanced or surplus budget outcome by 2004 at the latest.
In various parts of the report what emerges most clearly is the reliance on neoliberal revenues which means that it is always the same people who bear the burden of budgetary and economic difficulties – the workers. Thus it advocates a moderate wage policy combined with respect for a 3% budget deficit limit and the "the implementation of structural reforms in sectors of the economy, particularly in the products and capital markets, including the pension sector, as well as in the transport, energy, communication and labour markets". In other words, more of the same!
With regard to the situation in Portugal and Germany, the report criticises the failure to rigorously apply the Stability and Growth Pact, which is unacceptable and deeply inequitable, firstly because it is not comparing like with like, and secondly because it does not take into account socio-economic reality in Portugal, which has the highest rates of poverty in the European Union. What is needed, as we have advocated, is for the Stability and Growth Pact to be suspended, rather than the measures that the Portuguese government has just taken in its amending budget."@en1
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