Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-14-Speech-1-159"
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"en.20100614.23.1-159"2
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"− Madam President, I would like to thank the Honourable Members for their support.
Let me use this opportunity to inform you of the reasons for the tight timetable for adopting the convergence report to which Mr Scicluna referred. The cut-off date for the assessment depends on the availability of the forecast data, which itself depends on the date of the validation of the public finance data by Eurostat. In fact, to give the European Parliament more time, Eurostat agreed to advance the validation of the fiscal data. Still, the production process of the report by the Commission is very tight because we want to ensure a quality product, and squeezing it further would not be feasible without compromising the overall Union-wide assessment of all Member States, not least as regards the excessive deficit procedures and the overall respect of the Stability and Growth Pact, which is the very foundation of the economic and monetary union.
In fact we will use the same raw material tomorrow in the Commission when we take decisions on, in total, 16 excessive deficit procedures – 12 existing and four new excessive deficit procedures for the EU Member States. So it is indeed an overall Europe-wide process and that imposes some limitations on the Commission’s work in this regard.
In any case, I appreciate your pragmatism and I might say that I met members of the ECON Committee on 13 April to have an informal advance dialogue on the convergence prospects for Estonia. I would also like to add that the Commission is ready to inform the Parliament at any time regarding the economic and fiscal situation in Estonia. It is clear that Estonia must stay vigilant to ensure the stability of its public finances and macroeconomic development, and the Commission will certainly monitor this very vigilantly.
Finally, I count on having Estonia as an ally in pursuing fiscal discipline in terms of exercising peer pressure in the Eurogroup. We need allies to that end, and I count on Estonia in that regard. We need to work together in order to ensure the sustainability of public finances and thus sustainable growth and job creation in Europe.
I think it was Mr Brons who referred to Estonia supposedly losing its recently regained independence and its freedom. Maybe I should respond to Mr Brons by saying that perhaps it would be relevant to mention the reasoning followed by my grandfather when he voted ‘yes’ in the referendum in Finland on Finland’s EU membership, some 15 years ago. He said to me that he spent five years on the front to defend his country looking to the East, but since then he had always looked to the West."@en1
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