Seanad debates

Wednesday, 12 March 2003

Convention on the Future of Europe: Statements.

 

As regards the role of the Commission and the Council in ensuring countries maintain fiscal discipline, my own view is that the Commission should have more power in this matter. I did not think the Government was wise to react as negatively as it did when Commissioner Solbes said we should have run a larger surplus than planned in the 2001 budget. We would be a lot better off now if we had run a larger surplus at that stage and the Minister himself would be much better off if he had taken the European Union's advice rather than following the advice he did. That is a political point, however, upon which I do not really want to dwell.

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