Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-02-22-Speech-2-038"

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"en.20050222.4.2-038"2
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"In light of the reality of the deteriorating economic and social situation in most EU countries, the Stability and Growth Pact is finally being called into question, albeit late in the day, and only when France and Germany have failed to comply. Better late than never, though. Unfortunately, the perspectives that have been set out for the 8 March ECOFIN Council will mean more of the same when they come to be implemented. The so-called flexible application of the Stability and Growth Pact would depend on a country’s greater or lesser capacity to place at risk public social security, pension and health systems and, as some people have pointed out, public administration reforms. In other words, the more a Member State implements policies and objectives enshrined in the Lisbon Strategy that we consider extremely onerous, the greater its flexibility to implement the Stability Pact, and this would be unacceptable."@en1

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