Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-046-000"

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"Madam President, Commissioner, ladies and gentlemen, I should like to begin by thanking the rapporteur Mrs Balzani for the flexibility she has shown. I say this because the original idea was not to hold this debate on budget guidelines. I believe, however, that it is a good idea, because it will help to define the priorities that will shape the budget negotiations over the coming months. I should like to touch on two fundamental matters. First of all, austerity. Austerity is not a principle, it is an instrument. It is an instrument for achieving a truly credible budget that will not lead us to the consequences that are now materialising in many countries: that is, spending beyond our means and later encountering serious political difficulties when it comes to closing the gaps in the budget. I also believe we should not bring matters into the annual budgetary procedure which actually have a multiannual financial scope. I am referring, for instance, to the issue of the tax or levy on financial transactions. This belongs in a far wider financial framework, so any attempt to artificially bring this debate into the annual budget will only lead to a misguided strategy of negotiation with the Council right from the start. Only last year we saw what happens when we bring into a single-reading annual budget procedure, policies or ideas that actually have a wider scope: failure, stalemate and, ultimately, a situation – as we are now experiencing in 2011 – in which the level of credit appropriations is, as the Commissioner is perfectly well aware, insufficient to cover the immediate short-term needs of the European Union over the coming months."@en1
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