Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-129"
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"en.20030312.2.3-129"2
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".
The Trentin report welcomes the extremely satisfactory implementation of the Stability and Growth Pact, which was, nevertheless, criticised not long ago as being somewhat stupid by the President of the Commission, Romano Prodi. In the face of an economic slowdown, the report is of the view that the most appropriate response is to implement structural reforms, which we know will only stifle endogenous growth, which it mentions elsewhere in the report.
Like the García-Margallo and dos Santos reports, on which we are also voting, the Trentin report promotes intelligent application of the Pact and the adjustments that this involves. However, it combines intelligence and stupidity in an incoherent approach that is trying to make things compatible with each other that are not. Clearly the structural reforms mentioned mean more precarious employment, globalised pensions and further privatisations. Faced with the rise in unemployment, the alternative is to simply abandon the Stability Pact for a policy focused on job creation through a major change in the way profits are distributed. As we see no trace of such a possibility, we have voted against this report, which is only proposing inconsistent patching up of the Pact."@en1
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