Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-16-Speech-2-383"

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"en.20060516.41.2-383"2
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". As this report states, and as the recent spring economic forecasts demonstrate, there continues to be weak economic growth throughout the EU, along with high levels of unemployment, and more than 70 million people living in poverty, who tend to be forgotten by the Commission. The time has come to rethink the level of priority that continues to be attached to the monetarist, neoliberal policies of the Lisbon Strategy and to the guidelines of the European Central Bank. No matter how much the truth is muffled, it cannot be denied that the monetary and fiscal policy based on the Stability and Growth Pact and the priority attached to price stability has a negative impact on economic growth and employment growth, a phenomenon that has been evident in Portugal. What is therefore needed is a monetary and fiscal policy that will boost economic recovery and help combat unemployment. Furthermore, the Stability and Growth Pact should be repealed and replaced with a proper social development and progress pact. We emphasise the need for an expansionist policy coordinated jointly by the EU and its Member States, which will be aimed at strengthening internal demand, public investment, research and education, high-quality public services in areas such as health and housing, including infrastructure and equipment, which promotes high rates of employment with rights and which guarantees economic and social cohesion and balanced environmental development. We feel that these are some of the vital proposals that will also help us gain the trust of EU citizens. Without that trust, we will certainly continue to live in this atmosphere of pessimism arising from policies that do not address the problems currently facing people in the EU."@en1

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