Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-02-19-Speech-2-243"
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"en.20080219.30.2-243"2
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"Mr President-in-Office, Commissioners, ladies and gentlemen, the so-called subprime crisis has brought many of the arguments repeated by the most liberal politicians crashing down. In the end the markets do not regulate themselves, losses do not only affect people who consciously and deliberately take part in sophisticated high-risk gambles, and Europe's good behaviour does not guarantee immunity from external upheavals. This is only one of the many examples recommending, as the Socialist Group has been arguing, that Europe should define strategies and policy instruments which are consistent with its goals and with the role it wishes to play in the difficult context of the globalised economy.
In 2000 we defined a core objective through the Lisbon Strategy, which has meanwhile been revised. That objective is still valid, but insufficiently attained. The aim was that in two years from now, in 2010, Europe should be the most competitive area in the world, based on a knowledge economy that would create greater social cohesion and more and better jobs. Now the challenges are more urgent and some conclusions are clear: firstly, convergence between the major economic policy guidelines and the Lisbon Strategy will have to be total; secondly, a balance must be struck between the stability of policy guidelines and the capacity to respond to rapid changes in circumstances, particularly in terms of climate, power, financial market development, external trade policy or the role of exchange rates; thirdly, the goals of social and spatial convergence are now one of the Strategy’s greatest failures.
Finally and in summary, ensuring external competitiveness and reconciling it with internal cohesion requires more effective intervention mechanisms. Effective economic policy coordination in favour of growth and jobs is only one of these. Social, educational, investment, research, science and technology policies will have to be reappraised in the light of the new realities. This was the spirit of the Socialist Group’s contributions, which I hope the Commission and the Council will welcome. First and foremost, we need and people expect the promises of progress to materialise. Only in this way will their hope and confidence in Europe’s future make sense and be sustained."@en1
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