Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-21-Speech-1-056"
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"en.20021021.4.1-056"2
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"Some speakers have just criticised Mr Prodi, who claimed that ‘the Stability Pact is stupid’. Coming from the guardian of the Pact, these words are certainly likely to shock. This is not, however, a slip of the tongue. Mr Prodi is visibly trying, by means of desperate measures, to save the Stability and Growth Pact, which has now reached an impasse.
Indeed, by immediately adding that in order to have a flexible Pact, there would have to be an authority in Brussels with decision-making power, Mr Prodi clearly showed that he wants to move towards a super-State.
It is clear what is causing the block today: on the one hand, the Stability and Growth Pact is growing less relevant by the day; on the other, the Member States have no desire to hand over their economic and budgetary powers to Brussels, as shown by the stormy debates within the Convention’s Working Party on Economic Governance. Mr Prodi is, therefore, just trying to move in the direction that was the federalists’ plan all along when they wanted to introduce the euro.
This is a clever move in the short term. In the long term, however, it will be a mistake. The economic super-State would be just another rigid system, following in the footsteps of the Stability and Growth Pact and, dare we say, the euro."@en1
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