Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-25-Speech-3-062"
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"en.20040225.5.3-062"2
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"Mr President, I should also like to thank both rapporteurs for their work on this very important issue.
One of the most difficult areas for any government or European institution to deal with is the very rapid change that is taking place in the global economic circumstances. We need to ensure that our policies are flexible enough to be able to respond quickly to those difficulties and upsets.
It has been our experience over the last number of years, in particular since the introduction of the Stability and Growth Pact in 1996, that by a stringent fiscal management policy, a response to altering currency differentials and an investment – in core human terms – with regard to education, infrastructure, development and so on, we can respond to those changes and difficulties which occur.
I am delighted that the Irish presidency has highlighted the importance of continuing to implement the Lisbon agenda, and I hope that in the next social summit meeting, as well as at the March summit, those ideals will be ensconced into every Member State and that they will all move forward and move away from the old ideology of increasing taxes. That is not only a failed policy; it has also been proved that those that have the highest tax levels within the European Union are the ones that have performed the 'least best' in the changing climate."@en1
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