Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-23-Speech-3-031"

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"Mr President, Mr Barroso, Mr Van Rompuy, fortunately, the 2020 strategy has kept the objective of poverty reduction. Our concern is that the budgetary consolidation strategies may go far too far in certain areas and may weaken the foundations of poverty reduction by undermining public service funding methods, which are an absolutely key element of such a strategy. As for economic governance, Mr President, it is not about criticising everything the European Council does. It is about starting a fruitful debate, and in this respect, we have two or three important proposals to put to you. The first is that today, macro-economic issues and issues of imbalance are, as you said, very significant. My great fear, our great fear, is that a debate that begins by hammering home the need to strengthen the conditions for application of the Stability and Growth Pact satisfies some people and exhausts the raw material of what should be under discussion today, namely the tools, the methods, the capacities to reduce these divergences which today are weakening the euro area and which have led Citigroup to consider that the euro area should no longer be seen as a whole. The second issue, which is also essential in our opinion, is that of sanctions. You said that we must not just sanction those who are in deficit, but perhaps also think of intelligent sanctions. For example, have we thought of asking a State in difficulty to increase certain taxes, with the revenue from these taxes being paid into the European Union budget? There are methods other than suspending the right to vote or cancelling structural funds."@en1
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