Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-980"

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"en.20100520.16.4-980"2
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"As the current crisis has shown, with its profound impact on economic development, the quality of life of citizens and social stability, the sustainability of public finances is a prerequisite for economic recovery and the reliability of development. The inadequacy of the revision to the Stability and Growth Pact has also become clear. I would therefore like to reiterate the need to strengthen the mechanisms of EU institutions, with a view to greater integration and territorial cohesion, so as to ensure greater capacity for intervention and protection in order to counter risks and deviation from common policy. I would also like to highlight the social concerns stressed in this report, which warns of the wide disparity between incomes of members of the public. This is a situation which undermines productivity and economic competitiveness. I agree, therefore, with the need to encourage Member States to introduce appropriate reforms in order to address these imbalances. Tax fairness and efficient government public spending are essential to the process of economic recovery and social cohesion. Reducing poverty, ensuring social cohesion and stimulating economic growth and productivity are indisputable priorities in the EU, and they will certainly be helped by a gradual reduction of the tax burden on jobs and on small and medium-sized enterprises."@en1

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