Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-12-Speech-4-176"
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"en.20070712.23.4-176"2
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"I would like to vote in favour of Mr Rosati's report on the review of the situation in the eurozone in 2007.
Professor Rosati presented an excellently drafted report. It will certainly provide a good basis for discussing the general economic situation in the eurozone, as well as further actions and the challenges that lie before us.
In 2006, the eurozone experienced dynamic growth in terms of exports. There was a revival in internal demand, faster GDP growth and a fall in the unemployment rate. Two million new jobs were created and the inflation rate remained steady. Meanwhile, the budget deficit decreased.
At the same time, and this was taken into account in the report, the largest economies still have high budget deficits. A failure to maintain budgetary discipline could lead to stricter monetary policy and increasing disparity in the levels of economic growth, productivity and competitiveness between the Member States.
The rapporteur rightly noted that structural reforms are necessary, as are activities aimed at developing competitiveness and opening up the services market, which could have a beneficial impact on growth and the creation of new jobs."@en1
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