Success of Juncker plan will depend on member states’ ability to invest !
Press release from the Group of the Progressive Alliance of Socialists & Democrats in the European Parliament
Brussels, 02 December 2014
S&D Euro MPs welcomed the European Commission’s commitment to addressing the issue of the flexibility within the existing fiscal rules in the eurozone.
The commissioner in charge of economic and financial affairs, Pierre Moscovici, today announced that the Commission will present a communication in early 2015 on this issue.
S&D Euro MP Pervenche Berès, who will draft the European Parliament’s position on this issue, added:
« Flexibility is no taboo. It is the key for Europe to exit the economic and social crisis.The European Commission has already opened the door to leave more room for manoeuvre for member states in implementing the future investment plan. In particular, national contributions to the future European fund for strategic investments will be exempted from the growth and stability pact rules.
The Commission should go one step further with a broad interpretation of flexibility within the existing fiscal rules. This would be the sign of a smart implementation of the growth and stability pact »