Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-08-Speech-3-303"

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"Commissioner Almunia, ladies and gentlemen, I wish first of all to say that I think matters have gone extremely well for Commissioner Almunia when it comes to the Stability and Growth Pact. The result is sensible modernisation, which we can fully support. What we now have is the golden European triangle with three types of instrument we shall have operating together. The first is the Stability and Growth Pact, the second the Lisbon process and the third the broad economic guidelines. Having said that, Mr President, I cannot hide the fact that our debate today is taking place in the light of referenda in France and the Netherlands which, among many other things, reflect a grass-roots demand for a real agenda for Europe. Such an agenda also means our having to say that we have understood Europe’s need for the Stability and Growth Pact but that the pact does not, of course, in itself create new jobs. It is the basis for getting structural reforms and, at the same time, macroeconomic investment under way. Moreover, it is because of these efforts that the national governments need to concur with our line of thinking. With the modernisation of the Stability and Growth Pact, we have obtained a useful tool, but that tool must now be accompanied by a number of other tools at national level that can create the new jobs we so badly need. That, Commissioner Almunia, is why I hope that this pact, which is now almost in place – and which I am certain will be implemented – is the first step on the way to a new and genuine agenda which, in reality, is the prior condition for creating popular understanding in connection with that modernisation of the treaties that we have been debating so vigorously over the last few days."@en1

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