Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-076"

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"Mr President, I am glad that the Commission has produced this report and that it is committed to observing what happens to the euro zone, but equally glad to be able to say that Mr Juncker’s presence here today means that there will be a contribution to our debate from the person who has the responsibility of speaking on behalf of the euro zone’s members. So, then, where do we stand? For the first time, we have got closer to the growth target that we set ourselves in Lisbon; growth in the euro zone now stands at 2.8%, which is almost the 3% that we took as a base figure at Lisbon. In this situation, what is the challenge for the euro zone? What is the essential thing that is at stake? Will we be content with this being nothing more than a little gust of air, no more than an upturn in the cycle that will be gone by tomorrow, or do we want to put something structural in place to ensure that we can draw a deep breath and get the chance to generate a long-term upturn that will last and will – since it is not merely data that make the economy, but people – foster popular confidence? That is why I believe that we have to make the effort to do what is now needed, namely to make smart investments in the euro zone. Yes, consolidating budgets is a good thing to do, but we cannot simply chant that as a mantra when what we need to be doing is making use of the upturn we are experiencing now in order to embark on a policy of intelligent modernisation that gives us a chance of seriously reducing unemployment, and that, too, is in the report. Finally, I would like to thank our co-rapporteur and shadow rapporteur Mr Rosati, who contributed to our discussions on behalf of the Socialist Group in the European Parliament, and I do not want to omit Mr García-Margallo y Marfil, to whom thanks are due for having – and not for the first time – made an essential and seminal contribution to macro-economic debate in this House."@en1

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