Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-428"
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"en.20100615.27.2-428"2
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"You are completely right when you underline what I have been calling the holistic approach to economic policy. It is a mistake and I think now Member States are well aware of it.
When we speak about economic policy in Europe, just to consider the Stability and Growth Pact or just to consider the financial services reform, it all comes down to growth. To have sustainable growth, we need of course to have sound economic governance in Europe, we have to respect the Stability and Growth Pact, and we need the credibility of sound public finances, but we also need new regulatory supervision for the financial market and we need to invest in our potential for growth. This is precisely what EU 2020 is about. It is about reform. That is why I am insisting that we need fiscal consolidation and structural reform.
And, of course, we need to pursue the economic policies that are so important for us in Europe, namely in terms of economic and social cohesion – not only for 16 – or 17, because I hope that Estonia will join the euro area very soon – but for all the 27 Member States."@en1
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