Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-131"
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"en.20030312.2.3-131"2
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".
This report is faithful to monetarist and federalist doctrine and defends an even more rigid interpretation of the Stability and Growth Pact, which does not at all live up to its name. This is not so much about learning from what is happening before our eyes but about taking action against those Member States who are guilty of not submitting to the obligations of a text that now constitutes a vice that is holding back economic revival in an unsustainable way.
Above all, it is clear that the absolutisation of the Stability Pact is not only motivated by purely economic considerations, but is now a truly political aim.
Surely we can all see that budgetary balance is not simply seen as an economically commendable objective, which is simply common sense, but has been raised to the status of a dogma that no one should go against, on pain of endangering an entire structure (EMU) built for primarily political motives (establishing the first genuinely federalist European structure)?
This is why the rapporteur, rather than analysing the current economic situation, insists on placing more emphasis on the strictness of the Stability Pact, particularly by increasing the Commission’s autonomy in monitoring the Member States. That approach is unacceptable."@en1
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