Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-472"
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"en.20101123.38.2-472"2
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"Mr President, I believe that in this turbulent period we are going through, it cannot have been easy for the Commission to draw up such an ambitious plan, and I would therefore like to begin by offering you my congratulations. Despite that, I do have some comments to make.
The key word of the programme is economic recovery after the crisis, and intelligent, sustainable and inclusive recovery. I would like to say, Mr Vice-President, that I am rather sceptical about this. In the first place, I believe it is rather premature to talk about a recovery, because, even though there are certain indications, it is still not at all certain that there will be a recovery, and I think we cannot allow ourselves further doubts.
Moreover, I believe that in many states, the Commission is supporting policies which make recovery rather unlikely. Examples of this might include Latvia, Greece and recently also Ireland. While it is true that the debt burden is often too high, through restrictive economic policies, we will sooner find that there is no return to growth and that the actual debt burden has increased further.
I see the attempt to assert budget discipline through introducing more stringent Europe-wide regulations in a similar light. Such measures are counterproductive in a crisis. In addition, budget discipline will not resolve structural imbalances in the economies of the EU, such as trade surpluses and deficits, for example. However, I think this belongs to a longer discussion.
Where I really do support the efforts of the European Commission is in the regulation of the financial sector. I am not quite sure whether the measures proposed and adopted are sufficient, but in principle, they clearly mark a step in the right direction. The effort for intelligent and sustainable growth is also praiseworthy, and I understand that the programme cannot go fully into the details, but we do now need much more ambitious formulations and measures in the fight against poverty and the fight for social inclusion."@en1
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