Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-21-Speech-1-049"
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"en.20021021.4.1-049"2
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"Mr President, President of the Commission, Commissioner, ladies and gentlemen, I fully endorse President Prodi’s frank, well-balanced report and Commissioner Solbes’ recommendations. The need, which I fully endorse, for flexible application of the Stability and Growth Pact and for coordination of economic, social and environmental policies, starting with the eurozone, has, however, been completely disregarded during the recent years of recession, not least because of the serious forecasting errors made by the European Commission and the European Central Bank, which actually discouraged any attempts to promote or coordinate an active, counter-cyclical economic policy shared by the Union’s governments.
Moreover, it is true that the flexible, selective management of the Stability and Growth Pact cannot be left to the discretion of the individual governments, for this could result in the weakening of social cohesion and, at worst, higher inflation. I therefore support the proposal to include the Lisbon and Gothenburg objectives, in other words the programming of public investment in the areas of research, lifelong training and environmental improvement and the creation of integrated European transport and telecommunications networks, as an additional objective of the Stability and Growth Pact, subtracting the sum of these investments from the total budgetary deficit of Member States’ governments.
This decision requires, of necessity, strong support from the European Community. Indeed, the Community must be able, through the Commission, to assess
the compatibility and conformance of the investments with the objective of making the European Union the most competitive and dynamic economy based on knowledge, full employment and sustainable development in the world by 2010, facilitating the coordination of these investments."@en1
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