Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-363"

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"Mr President, many thanks for making this statement. I feel that we ought to be very careful not to continue falling back into old ways in a very difficult situation. What I mean by ‘old ways’ is the right-wing political groups stressing budget deficits and competitiveness problems, while the left-wing groups go on about the risks of austerity measures. As far as I see it, we will not make any progress this way. On the other hand, if you take a fair look at this proposal, you have to admit that it contains signs of significant progress, for instance, with regard to budget coordination. It also specifically mentions imbalances. Until recently, it was still almost impossible to talk about imbalances seriously. The fact that sanctions should be applied if Member States fail to do their homework is also a sign of progress. However, this proposal also has blind spots, which is something that we can no longer expect ourselves and our citizens to accept. This obviously means economic governance and also talking about tax issues. The fact is that we have tax havens, large areas of the economy which go untaxed, not to mention excessive tax competition. These must stop being taboo subjects and obviously have a place in such a statement. Secondly, it is not enough to coordinate budget policy only in the way it was described. We must ensure that budget policy is anti-cyclical, enabling it therefore to counteract crises. Unfortunately, this does not feature in the text. Furthermore, it is evidently still taboo to say that in the case of imbalances, there are countries in deficit and those in surplus, with both sides making their specific contributions. Unfortunately, you are still lacking the courage to explain things as clearly as is necessary. We have problems with asset prices and bubbles. This is not mentioned explicitly either. The point I am making is that we should at least be honest and put aside our ideological differences after this crisis for a time and take a look at all the causes of the crisis, instead of looking for these problems from a one-sided perspective. It is no longer enough now to make progress in this crisis. Our citizens are expecting holistic, comprehensive solutions, which is no more than they deserve."@en1

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