Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-14-Speech-3-297"

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"We are dealing with a good report. I believe that Mr Bullmann has done an excellent job, an open job, in order to produce an analysis of the European economy at this time. It is a hopeful time, but it is also a time for realistic analysis. This report also stresses that we must make a precise diagnosis of whether we are dealing with a strictly cyclical recovery or something more. I hope that it is something more, but we must also tell the European citizens that we must carry on working because the rationalisation of public finances we saw last year may also be due to cyclical factors and not to deliberate or structural decisions. As the report does, we must accept that what has failed in the European economy over recent years has been the weakness of internal demand, that is to say, confidence, consumer and investor confidence, and that is extremely negative in terms of the European project. We must also stress the need for reforms: reforms of the labour market that have been discussed and agreed; reforms of economic policies to promote small and medium-sized businesses, which are key to the growth and creation of employment; reforms intended to complete the single market, particularly in services and in the energy sector; reforms to improve the efficiency of the markets in goods, services, work and capital; and also fiscal reforms aimed at providing a coordinated fiscal framework that stimulates the creation of jobs and promotes the creation and development of the fabric of small and medium-sized enterprise that we believe to be fundamental. Furthermore, this report stresses the need to combat protectionism, which unfortunately is present in many of our current European governments, and we also warn that the risk associated with the euro-dollar exchange rate may threaten the quality of our economic growth."@en1

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