Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-078-000"

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"Mr President, ladies and gentlemen, we all know that a house is built from the foundations up. If the foundations are properly poured, the house will be stable, but if the work is sloppy, the house may wobble or even collapse. At present, wrongly in my opinion, two things are being presented in the public sphere as mutually contradictory. There is austerity on one side and growth on the other. So some are saying: ‘The main thing we need is an austerity policy’. Others are saying: ‘The most important thing is to talk about growth. Growth through expenditure’. However, dear friends, if we in Europe should have been able to ensure growth by spending money, there would be no crisis at all. It is therefore completely clear that spending money is not the way we shall achieve growth. Stable economic growth, just like a house, requires a solid foundation. It is precisely a prudent government budgetary policy that sets this solid foundation for economic growth. We can take my country Latvia as an example. The government, by putting its budget in order, has now achieved 5% annual growth. Solid foundations, solid growth. Ladies and gentlemen, I urge you to support these draft regulations. It is very important to strengthen the foundations of our economy."@en1
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