Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-307"

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"Mr President, Mr Barnier, in your speech you mentioned Mr Monti’s report, which was submitted to you a few days ago. There is a very interesting aspect in Mr Monti’s report, and that is the emphasis it places on the pressing need for us to move on to the next stage of fiscal cooperation. It clearly explains that the Stability and Growth Pact criteria do need to be applied, but that if they are applied solely to expenditure, through cuts in expenditure, this will almost certainly lead to a recession. It is therefore crucial to use both pillars and, in particular, the fiscal pillar, to enable the Member States to collect a number of additional receipts from the economic activities and economic operators whose tax burden has been repeatedly reduced over the last few years: the profits from companies, capital, and financial transactions. To do this, we absolutely must have European coordination. This is the conclusion reached in Mr Monti’s report, which was submitted two days ago. However, there is no mention whatsoever of this issue in the EU 2020 strategy presented by the Commission. There is no mention whatsoever of this issue in Mr Rehn’s communication published a few days ago. This is one of the major pillars, one of the fundamental added values which the Commission can provide at the present time. Do this, and this will establish the link – Mrs Berès was just saying that this debate is a bit like a melting pot; fiscal coordination will help establish the link between the EU 2020 strategy, the report on the governance of the euro area, on the single market, and employment and education issues. We are well aware that, if we abide by the rules of the Stability and Growth Pact – which, incidentally, is vital – but do so only by cutting expenditure, then we are on course for social regression and economic recession. Therefore, my question is very clear: Mr Barnier, as a representative of the Commission, what are you going to place on the table over the coming weeks? How are you going to convince your colleagues – assuming that you are already convinced yourself – of the need for an action plan, for a fiscal coordination plan so that Member States are able once more to raise new revenues on the basis of a number of agreements? What are your proposals? You are not entitled to stay silent. The Commission has a right to initiate legislation, but, today, on these issues, that right has become a duty."@en1
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