Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-038-000"
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"en.20110914.3.3-038-000"2
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"Mr President, ladies and gentlemen, the crisis is not a new phenomenon; it has existed for several years. Perhaps now is the time to undertake a critical review of the policies implemented up to now: have things always been done well? Have we always analysed the situation correctly? Has the right approach been chosen? Has the European Central Bank which, as Minister Rostoski said, has saved Europe, always taken the correct course of action, even when it has raised interest rates through fear of inflation?
President Barroso has identified a problem: the speed of the markets and the slowness of policy; yet is this the only problem? Of course, if we consider that we are still implementing the 21 July agreement, this ought at least to suggest that we need to prepare for and organise summits and their conclusions better, but policy will always lag behind the markets. We therefore need to look further, concentrating our efforts on combating unemployment and encouraging growth. These are the areas that the European Commission should focus on; even today in President Barroso’s speech, there was more substance with regard to the deficit than with regard to signs of growth and development.
The Commission must overcome its failings and state that the priority is the fight against unemployment, job creation, the redistribution of wealth and public investment strategies, while also amending the rules in the new European Stability and Growth Pact."@en1
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