Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-01-12-Speech-3-039"

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"Mr President, the reform of the Stability Pact and the reform of the financial perspective are two sides of the same coin. These reforms need to find a common philosophy and a common solution: more growth, more competitiveness and more resources for the Member States. That all means more affluence and more cohesion. Let me be frank with you, Mr Juncker. What you have said on the Stability and Growth Pact is thoroughly acceptable, but it is all provided for in the current system of regulation: the automatic stabilising mechanisms, their relationship with growth or recession, the relationship between greater deficit flexibility and the effectiveness of debt dynamics – all that is already provided for. What the European Union needs now is not that, but perhaps we should be more ambitious. I say more ambitious, but that does not mean less rigorous, just more mindful of the strategic needs of our Union. If we really have to re-establish an effective, Europe-wide strategy for investments, infrastructure, research and security – in short, to meet the targets set at the Lisbon Summit – then we have to reach agreement on the kinds of action needed: no hypocrisy, no dirty tricks and no opportunism. The Pact needs a European golden rule, as one might say, with the appropriate guarantees and controls attached. The financial perspective needs a stronger, not a weaker Union budget, one that focuses more on the investments required by the Lisbon objectives and less on handouts. Mr Juncker, Mr Barroso, will we be capable of that? It depends on us. The responsibility rests with us all, but please let us not have any hypocrisy."@en1

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