Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-10-25-Speech-1-068"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:ECB 2003 annual report2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20041025.13.1-068"2
lpv:hasSubsequent	lp_eu:2004-10-25-Speech-1-0692
lpv:speaker	lp:José Manuel García-margallo Y Marfil2
lpv:spokenAs	substitute; Delegation for relations with the countries of the Andean Community (2004-09-16--2007-03-13)3 substitute; INTA (2004-07-22--2007-01-14)3 substitute; Temporary committee on policy challenges and budgetary means of the enlarged Union 2007-2013 (2004-10-14--2005-06-08)3 vice-chair; Delegation for relations with the countries of Central America (2004-09-21--2007-03-13)3 vice-chair; ECON (2004-09-01--2007-01-14)3 member; EPP-ED (2004-07-20--2009-07-13)3 unknown; Partido Popular (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, in this final intervention I would like to emphasise three points. Firstly, it has been pointed out that the history of the Economic and Monetary Union has been one of success and that this is due to the work of the Bank. I agree with this statement by the rapporteur and I would urge the Governor of the Bank of Spain to continue focusing on price stability as the main objective and not to listen to the sirens’ songs from the left trying to lure him towards other objectives. Secondly, I would like to ask the President to tell the Commissioner, who is beside him, that his proposal to make the pact more flexible, the creation of an pact, represents a real time-bomb for prices, neutralising the efforts of the Central Bank, for interest rates and, therefore, for investment and employment, for pensions in the future and for the Lisbon reforms. Because if the pact is broken or made more flexible, we will need tomorrow's taxes to pay for today's obligations. Why are we not growing? Not because the governments have been disciplined in observing the pact, but because they have done quite the opposite and, furthermore, because they have not fulfilled the obligations we set for them in the Lisbon Pact and which appear in the broad economic guidelines. I would urge the two of you, the President of the Central Bank and the Commissioner, just as we achieved an integrated financial market through a financial services action plan, to produce a financial action plan establishing the reforms and objectives we must achieve, the barriers which are hindering growth and which hence need to be eliminated, the actions we must take and the timetable we must respect. Mr President, do not take any notice of the governments when they urge you to look the other way when fiscal decisions are not complied with. Rather than that, I would suggest that, like Ulysses, when you hear those sirens’ songs, you tie yourself to the mast and continue on the course which brings us so much success, and convince the Commissioner that that is the course to follow."@en1
lpv:unclassifiedMetadata	"à la carte"1

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