Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-11-Speech-2-257"

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"Mr President, I do not have the time to delve into the possible differences between the text of the reports and the personal views of each of the rapporteurs. I will therefore focus my comments on the Commission’s statement and on the contribution of the Commissioner, and will offer both my strong support. In my view, the Commission is fulfilling its role as guardian of the treaties on this matter perfectly. I believe the Stability and Growth Pact is not dead. I believe that above and beyond the arguably controversial statements made at the end of last year on formulas that could be perceived as risky, it is important to insist upon the distinction between the letter and the spirit of the Stability and Growth Pact and to ensure that its spirit is kept alive. The Maastricht criteria mean we are committed to a monetary union that is also a political union based on a number of values. The stability on which the euro is based goes beyond the technical definition of the concept. It amounts to a mutual agreement on a form of social contract. As well as being a strong currency, the euro must above all be a stable currency. In proclaiming this principle, Europe is setting aside its bad habits of the twentieth century, characterised by inflation, which represented a tax for poor people. Europe has decided to commit itself to being a confident society with a stake in the future. These are the values we are presenting to the countries about to join the European Union. Herein lies another reason not to alter these values by taking imprudent action which would undermine them. When players are not doing well at a game, they do not ask for the rules to be changed, but learn them instead."@en1

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