Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-170"

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"en.20050309.15.3-170"2
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"Mr President, before I move on to the Stability and Growth Pact, I would like to make a comment or two about the financial situation in general. I am a little disappointed to see that Mr Barroso, the President of the Commission, seems to have disappeared, because he is going to hear a comment from a representative of the United Kingdom, which is the second biggest contributor to European Union funds. To date, we have contributed some GBP 180 billion. We have received back around GBP 105 billion by way of subsidies of one form or another. Well, we believe that very soon there is to be a general election in the United Kingdom, and I think the voters are going to want to know what has happened to that GBP 75 billion deficit in our contributions. Is there going to be an answer from our current Prime Minister or Chancellor of the Exchequer? Is there going to be an answer from this House? When we remind them that the European Court of Auditors has, for the tenth year running, refused to sign the books because billions of pounds have gone missing, they might well put two and two together as regards what has happened to our 75 billion. Have we got a Stability and Growth Pact or not? The Prime Minister of Luxembourg, Mr Jean-Claude Juncker, recently said to reporters in Brussels: ‘I am beginning to seriously consider the option of not changing the Pact at all’. He added: ‘We are not excluding the scenario of leaving the Pact as it is; that is now a distinct possibility. I have no goal of replacing a Pact that does not work well with one that seems to function but goes wrong later’. Previously he had said that the Pact was dead. So what about this Stability and Growth Pact? Is it not ludicrous that countries that run up a deficit of over 3% are then fined enormous sums of money, making their position worse? Of course the Stability Pact is wrong. It is useless! Dump it!"@en1
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