Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-037"

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"Mr President, Mr Barroso, Mr Rehn, I genuinely hope that you will look at the work done by the European Parliament on the subjects we have been dealing with today – the Berès report and the Feio report – because, of course, we are now working as colegislators on economic governance. I can tell you that together with four pro-European groups in Parliament at least, we have made a genuine effort to work on compromises that will achieve something. We have just come from the discussions to try to tie up the problems. Some people are talking about the budget, some are talking about tax measures, and some are talking about governance. What we need today is for the Commission – and it is your role to do this, we are trying to do it and it is your role to do it also – to propose an overall package: something in the spirit of the Monti report that is also along the lines of what Michel Barnier has been trying to do in the context of the internal market. I am waiting for an overall package from Mr Barroso, which should show us how to get ourselves out of the economic crisis. It should not just be about macro-economic governance, but should be along the lines of reading three or four dossiers on macro-economics, tax and the budget and then saying ‘here is the package’. I am sure that if you do that, you will have a very large majority in the European Parliament to support the initiative. If we only look at the issue of public finance, for example, two or three years ago, the Commission and its departments were themselves saying that, of all the countries, Spain was sticking to the Stability and Growth Pact most closely and that Spain’s public finances were in order. The problem is that the instability came from elsewhere and now Spain is in a terrible situation, as is Ireland. We can clearly see that focusing on public finances alone will not help us resolve the crisis. The compromises that we have proposed in the various reports that have been presented today, which will be voted on tomorrow, represent the sum of these issues. They are a way of saying that, yes, we do need to strengthen budgetary discipline. Of course we do. However, to ensure that this budgetary discipline does not lead to social breakdown, but only to public expenditure cuts, we need, at the same time, a European budget package that will finance investment and a tax package that will allow Member States to impose certain taxes. My last question for Mr Rehn, and for Mr Barroso especially, is therefore: are you genuinely in favour of the common corporate tax basis? Do you genuinely support it? It has been shelved by the Commission for 10 years now and for 10 years, you have failed to deal with the matter. It is now time that you did so."@en1
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