Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-132"

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". I have voted in favour of the dos Santos report, which I felt achieved balance in stating that the Stability and Growth Pact, as a valuable and crucial instrument for Economic and Monetary Union, must also contribute effectively to implementing the Lisbon Strategy. We therefore need to consider a way of making the SGP more flexible by introducing more sophisticated criteria. I also felt that the suggestion that we must select and distinguish certain types of expenditure, particularly public expenditure, warrants support in the wake of the communication by the European Commission intended to guarantee ‘high quality public expenditure’, so as to ensure that the dynamic created by public investment is achieved, and results in a guarantee of sustained growth. I simply wish to observe that in addition to SGP-related issues of an accounting and mathematical nature, which the rapporteur addressed in an exemplary way, there is a psychological aspect to the economic fabric that must be closely examined: meeting the commitments arising from this establishes a new level of responsibility for all and any economic operator, whether it be the State or a private entrepreneur. Only this framework of effective responsibility can make an objective contribution to our being able to make solid progress towards achieving the most dynamic economic area in the world, based on knowledge and able to guarantee sustainable growth with more ..."@en1
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