Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-21-Speech-1-034"

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"en.20021021.4.1-034"2
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"Mr President, to my great surprise, I read in the paper at the end of last week that the President of the Commission referred to the Stability and Growth Pact as ‘stupid’ in an interview. I hoped that this was a misunderstanding but unfortunately, President Prodi persists in his opinion and is repeating his statement, which is, to say the least, injudicious. Clearly, statements of this kind call into question the Commission's policy on the implementation of the Stability and Growth Pact.. We created this Stability and Growth Pact less than five years ago. The Pact's implementation benefits from clear and simple decision-making. Unambiguous sanctions are also required. Discussions about the Stability and Growth Pact and the possibility to improve the Pact are necessary, but these discussions should not put the Stability and Growth Pact's credibility on the line. Exposing a difference of opinion between the parties involved to the outside world spells, in fact, the end of the Stability and Growth Pact. I should like to hear from Commissioner Solbes how he will be discussing the Stability and Growth Pact's rules in a sensible manner, and in this framework, I should like to find out from the Commission what measures it intends to take in order to present the Member States' budgetary issues in an adequate manner. The European economy does not benefit from constant arguing between the parties involved about the rules of the Stability and Growth Pact. If it continues in this vein, we are at risk of creating an instability pact, and surely this is not what we want."@en1

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