Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-034"
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"en.20090311.3.3-034"2
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".
Mr President, the Lisbon Strategy is among the EU’s best projects. Member States are to voluntarily reform their economies to create prosperity and an ability to adapt, both to foreseen changes such as an ageing population, and to unforeseen changes such as collapsing financial markets. The idea behind the strategy is to promote efficient markets, entrepreneurship, education, research and stable state finances, and now we are being tested.
If, when the financial crisis occurred, we had all had a flexible economy, the right monetary policy and sound state finances, Europe would have coped a lot better. We did not have these things, however. The Lisbon Strategy has not been implemented while, at the same time, the euro has resulted in much too easy a monetary policy for Ireland, Spain, Italy and Greece. In addition, several countries have been able to mismanage their public finances under the protective umbrella of the euro. The imbalances are therefore huge. The Lisbon Strategy is a good idea that has been botched. The euro is a bad idea that has exacerbated the problems."@en1
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