Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-04-08-Speech-2-177"
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"en.20030408.5.2-177"2
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".
Mr President, today’s debate relates to the broad economic policy guidelines for generating more employment in Europe.
The Commission does not believe that the problems arising in Europe relate to an expansive fiscal policy. The stabilisers are playing a role, they are allowing this expansive policy to take place.
On the other hand, it has not so far been demonstrated that the countries with expansive fiscal policies achieve better results in terms of growth. In fact, I would say that the correlation is the opposite: countries with more healthy tax policies are those with the highest growth levels.
I believe that the current problems do not – as I have said many times – relate to the Stability Pact, but that they are problems relating to the reforms necessary to increase our growth potential in Europe. And this is closely related to the proposals we are making in our broad guidelines.
In my opinion, the modification introduced by the Commission in November on the Stability Pact gives us sufficient room for manoeuvre to confront the current circumstances."@en1
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