Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-01-16-Speech-3-172-257"
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"en.20130116.27.3-172-257"2
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"I welcome the adoption of Parliament’s response to the Commission’s reports for 2011 and 2012 on the state of public finances in EMU. Sharing a currency with 16 other countries presents enormous possibilities. But it also means that we are all in it together, that mistakes made in one euro area country can easily spill over into another. It is therefore clearly in the interests of all euro area countries to ensure that public finances are managed properly. But fiscal consolidation on its own does not work. Stability and growth are two sides of the same coin. I therefore welcome the emphasis in this report on differentiated growth-friendly fiscal consolidation that reflects country-specific fiscal and macro-financial risks as well as economic and social conditions, on the need to ensure that the EU has the resources necessary to achieve the aims of the Europe 2020 strategy, particularly the employment and social targets, and the focus on youth unemployment and the proposed Youth Guarantee, which will, I hope, be approved by the Social Affairs Council shortly under the Irish Presidency."@en1
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