Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-171"

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"Mr President, ladies and gentlemen, the forthcoming European Council is going to deal with crucial reforms for the future of the European Union, including reform of the Stability Pact. This reform is unfortunately enveloped in mystery. In fact, we go from general news about a possible nineteen points to make the Pact more flexible to the possibility of leaving the Pact unchanged. In that respect, all that remains is regret at the opportunity that Parliament has wasted through being unwilling for this Chamber to directly enter the debate on how to reform the Pact. The President of Parliament and also the main political groups are to blame for that. It seems that we are reaching a possible compromise, as usual, characterised by tactical manoeuvring and political balancing acts. That is not what Europe needs right now. Instead, it needs bolder and more pragmatic approaches to the key objectives for revitalising the economy, that is to say investment in research, innovation, competitiveness, infrastructure and structural reform. That is also why I stress that I am baffled at the refusal by the Commission and the Luxembourg Presidency to consider applying the so-called golden rule, which could have done a great deal to boost our economic growth. We owe it above all to the younger generation to make a practical commitment to the future of our economy. In that respect, we need a genuine Pact for young people. The young need to be able to look forward to a future of stability, security and social cohesion, thanks to measures helping them to enter the workforce and to have access to credit, as well as measures directed towards the right to a home and a family. To conclude, I believe that the European Union needs to make a strong commitment to guarantee effective opportunities for Europe’s younger generations. That is what we are calling for, and that is what young people above all are expecting."@en1

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