Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-23-Speech-3-050"

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"Mr President, I think we can all welcome the conclusions and goals set by the European Council. I have three points that I would like to comment on. The first one is about the euro. I think if we enforce what has been set up with ‘foreseeable and automatic sanctions’ for those who are not following the rules, then we will have a much stronger framework and maybe we will see the rebirth of the euro in a much stronger condition than we have ever had before. That will be a contribution to the future of European economy. That also implies that we need to do a lot regarding growth. I welcome the clear goals set out here, but I would like to remind us all that hard work and difficult choices have to be made. They are not made by just setting the goals. We have learned that from the Lisbon process. We need to be able to make courageous decisions and open up the market for more trade, more investments and more innovations. That is what needs to be done. Otherwise, we have only bought ourselves some time, before all the problems come back again. Finally, we are now entering a phase of global economy which will be characterised by the reduction of deficits. It will be so in the US, and it will be so in Europe. We all know the risks associated with the contraction of economic development. We need to ensure that the economy can be stimulated in parallel. In that sense, I think reference to the Doha Round in the conclusions should be strengthened; and I think it should be strengthened in a way to make it consistent. I cannot understand a financial transaction tax which will hinder trade and liquidity and which will do more damage to poor countries and countries with big deficits. We need to support and stimulate trade, and that way we can get the injection needed to make the world a better place."@en1
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