30 mayo 2012
24 mayo 2012
23 mayo 2012
Garriga en TPA. "Crecer es tener un presupuesto fuerte"
http://www.rtpa.es/economia:Los-lideres-europeos-se-inclinan-por-apoyar-el-llamamiento-de-Rajoy-para-que-el-BCE-intervenga_111337776579.html
Salvador Garriga participará mañana en El Tren de RPA
Salvador Garriga será entrevistado mañana jueves 24 de mayo en el programa "El Tren" de RPA, matinal regional de la Radio del Principado de Asturias. La entrevista, con Roberto Pato, será a las 11:10 am.
18 mayo 2012
17 mayo 2012
09 mayo 2012
02 mayo 2012
Intervención de Salvador Garriga en Santiago de Compostela
Let
me first of all to thank KAD Stifftung for the invitation to participate
alongside such prestigious politicians. As EPP spokesman on budgetary issues in
the EP I'll deliver my speech in english.
All
of us around this table share the view there is not other way around to
overcome the crisis that building a better, deeper and integrated Europe, and
we consider these troubled times are a chance as well to get it. Former
speakers already insisted on it.
The
pace of the economic reforms undertaken since 2010 would have been unthinkable
in the first years of EMÚ. Of course, minister Schauble did insist on the
argument and i do agree.
Is a
fact that not respecting the original Estability Pact signed in paralel with
the adopción on the single currency created a major divergence among national
economies as well as mounting public deficits and souveraign debt that somewhat
had to be adressed to avoid a fatal crash within EU. This is the most urgent
task as ministre Garcia Margallo stated on his presentation.
Just
to recapitulate: the unavoidable strenthening of economic gouvernance is based
on three pillars.
1.- a
reinforced economic agenda wich includes E2020, Euro+ Pact, Estability and
Growth Pact, the European Semester and the Fiscal Compact as a treaty signed by
25 out of 27 MMSS. No less that 5 far reaching agreements all of them are about
bringing deep changes either in European an national legislations.
2.- a
framework to guarantee Stabilty in the Eurozone to create next july a permanent
mechanism for finantial Stability with at least 700 hundred billion euros to be
used in case of bail out.
3.-
deep reforms on finantial sistem including a very strict bank legislation and
the creation of European supervisory agencies.
A
further set on legislation labelled as 2pack is now passing trough the EP after
being drafted by EC.
2
pack is meant to make the Stability and Growth Pact stronger with
reinforced competences for the EC on coordination of national budgets by even
rejecting draft national budgets in case of majors divergences with the SGP.
The Commission gets the right to force additional measures to reduce excesive
budgetary deficits in MMSS. A complet enhanced surveillance is proposed in this
pack. By the way, EP complaints about
intergubernamental approach wich damages the comunitarian method so dear
for EPP.
However,
the outcome of the Parliament negotiation is still rather unclear. Just because
the European left has been tradicionally oposed to reinforce austerity,
surveillance and budgetary restrictions along MMSS. They heavily voted against
the six pack and they' re preparing a vote against the 2 pack as well.
The
main reason for this attitude is just a political calculation. The greatest
part of national governments within EU are CD or conservatives alone or in
coallition with liberal parties. It means no real solución for economic crisis
has been supplied by the European left. Therefore they created a fairytale that
fighting against debt and deficits trough reducing expenditure is the ultimate
explanation for the finantial unstability, low economic growth and even
recession. And of course blaming centre right gouvernments about it.
We do
accept the fact there are still big
shortcomings either in the European and national approach against the crisis.
For instance, the size of the Mechanism is not enough for making MS safe from
finantial markets attack. Or the insufficient rol of the European Central Bank
to support national economies as the Federal Reserve does in the USA. Not
mention the unacceptable delay on giving green light to Eurobonds when MS have
already committed themselves to a strict fiscal coordination. EPP mostly share
this feeling about Eurobonds.
In
this artificial dilemma between growth and consolidation the anouncement made
by Chancellor Merkel about shifting the agenda toward a more growth oriented
approach gets the utmost relevance. The intensive use of EIB loans to
counterbalance the contractive sideeffect of reducing national budgets has been
already contemplated by the EP. The same for intensive investment in
infrastructures, education and energy eficiency.
We
have the magic tool for helping national economies to grow. Is the European
Budget. With a size around 140 billion each year. Inside that budget the so
call agenda for growth is broadly contemplated. It's called E2020 and has been
adopted by the unanimity of the European Council. When the EP adopted its
position for next FFPP just pointed out that only an increase of 5% over the
current FFPP would give room to finance traditional policies as CAP or Cohesion
altogether with new priorities included on E2020. That would mean roughly a
trillion euros to be spent at the European level in the period between 2014-
2020.
Such
proposal got the support of more than the 70% of the European Parliament but
now is heavily objected by the Council where the idea of drastical cuts around
100 b on the future E Budget are passing its way trough. No need to say that
debate on new Own Ressources is lagging far behind in Council agenda.
Let
me finish by saying is not posible to combine both approachs. Either you slash
the European budget or you foster intelligent growth trough European
expenditure. A sufficient European budget is the key for keeping an eye on
economic recovery while making the drive for fiscal consolidation aceptable
without giving the Left a chance.
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