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European Commission Spokesman's Briefing for 97-04-21
From: EUROPA, the European Commission Server at <http://europa.eu.int>
MIDDAY EXPRESS
News from the Spokesman's midday briefing
Nouvelles du rendez-vous de midi du Porte-Paroleb
21/04/97
CONTENTS / CONTENU
[01] Jacques Santer: "A message for the sceptics"
[02] Country report on Portugal
[03] ECU 12 million for cross-border cooperation between Austria and Italy
[04] Padraig Flynn says Ireland is in a very healthy position for
participation in EMU
[05] Accounting and auditing: Mario Monti outlines what needs to be done to
achieve Single Market goals
[06] Ritt Bjerregaard: "Participation of NGOs essential in improving the
environment"
[01] Jacques Santer: "A message for the sceptics"
(!!! embargo 4 pm !!!) In the "Sicco Mansholt Lecture 1997", today in
Amsterdam, the President of the European Commission Jacques Santer called
upon sceptics to recognise the achievements and advantages of the European
Union and not to stand in the way of further progress. "There is not point
at all in keeping our feet on the brakes, it is even dangerous". The
single currency would happen on time, Jacques Santer said, because "the
chances have never been better" and the alternative of failure was
unacceptable. "Let us stop conjuring the ghosts of defeat". Jacques
Santer also said that the successful conclusion of the Intergovernmental
Conference in June in Amsterdam was imperative. Citizens had to be
convinced by the Treaty reform because they "will be asked to agree to the
Treaty of Amsterdam, through their Parliaments, and directly through
referenda". "Rejection of the new Treaty would be catastrophic" for the
inner cohesion of the Union and for enlargement which the Union could then
not envisage. In order to carry the support of the citizens, the Treaty of
Amsterdam should "respond more directly to their personal concerns", such
as unemployment and the lack of security. Institutional reform with more
majority voting should avoid us "getting trapped in a vicious circle of
paralysis, lack of credibility, undermined confidence and deeper paralysis.
Moreover, citizens "want to see an end to the confusion and helplessness
which the Union too often displays in foreign and security matters. (!!!
embargo 4 pm !!!)
[02] Country report on Portugal
The Directorate-General for Economic and Financial Affairs, under the
authority of Commissioner Yves-Thibault de Silguy, has just released a
study on "The Economic and Financial Situation in Portugal" which was
recently discussed in the Economic Policy Committee (EPC). The study
covers the development of the Portuguese economy since the early 1990s,
with particular emphasis on growth performance, the pursuit of stability
and structural reform. It analyses the impressive progress in nominal
stability in the Portuguese economy during the 1990s. The marked fall in
consumer price inflation from around 13% in 1990 to about 3% in 1996 is the
most notable achievement in this respect. This was accompanied by a
substantial decline in interest rates, with the differential of long-term
rates vis-�-vis the German mark falling from some 10 percentage points in
1991 to around 1 percentage point at the end of 1996. As to public
finances, the general government deficit, which stood at close to 7% of GDP
in 1993, fell to some 4% in 1996 and the debt to GDP ratio started to
decline in that year. The study provides an analysis of the economic
policies underlying these achievements and is part of the overall process
of multilateral surveillance in the European Union.
[03] ECU 12 million for cross-border cooperation between Austria and Italy
The European Commission is to make ECU 11.85 million available to further
cross-border cooperation between Austria and Italy. Under the programme
just approved by the Commission, Austria will receive ECU 4.57 million and
Italy ECU 7.28 million. Taking part in the programme, an Interreg II
Community Initiative, will be the Austrian Bundesl�nder Carinthia, Tyrol
and Salzburg and, on the Italian side, the autonomous province of Bolzano
(S�dtirol), the region of Veneto and the autonomous region of Friuli-
Venezia Giulia. The programme aims at improving natural, agricultural and
forestry resources, increasing economic cooperation and the developpement
of tourism.
[04] Padraig Flynn says Ireland is in a very healthy position for
participation in EMU
Speaking today in Dublin at a conference on "The euro and business,"
Employment and Social Affairs Commissioner, Padraig Flynn, said that on all
the criteria, budget deficit, debt ratio, inflation and exchange rate,
"Ireland is in a very healthy position." He went on to say that "barring
dramatic and unforeseen economic developments, I expect that Ireland will
be on the list of Member States which will be recommended by the European
Commission to the Council of Ministers as suitable for transition to EMU.
In turn I expect that both the Council and the Heads of State, who will
take the final decision on who qualifies for membership in a year's time,
will not deviate from the Treaty provisions on EMU." On the issue of the
link between the Irish pound and sterling, the Commissioner argued against
the pessimism which surrounds this question. He said, "Clearly, it would
be ideal if the U.K. were also to participate in EMU along with Ireland.
However, there is a clear need to plan for the possibility of British non-
participation in EMU."
[05] Accounting and auditing: Mario Monti outlines what needs to be done to
achieve Single Market goals
(!!! embargo 7 pm !!!) An overview of the Action Plan for the completion
of the Single Market, currently being prepared by the European Commission,
was outlined by Commissioner Mario Monti in a speech in London on 21 April
to the Institute of Chartered Accountants. The Action Plan covers priority
measures necessary to ensure that the full benefit of the Single Market is
achieved before the introduction of the euro on 1 January 1999. Mr Monti
noted in particular that a Single Market for investment requires financial
information published by companies to be of high quality and comparable
from one Member State to another. Consequently, existing weaknesses must
be adressed, there needs to be a common definition of what the statutory
audit should consist of and freedom to provide auditing services throughout
the European Union (EU) must become a reality. "To adapt the legislative
framework I am currently examining the possibility of amending the 4th
Directive and of introducing a sectoral Directive in the field of
professional qualifications", said Mr Monti. As for the issue of joint and
several liability, the Commission would consider taking an initiative only
if it was clear that differences between national rules constitute a
barrier to the free movement of services in the EU. (!!! embargo 7 pm !!!)
[06] Ritt Bjerregaard: "Participation of NGOs essential in improving the
environment"
During her visit to the Czech Republic, Environment Commissioner Ritt
Bjerregaard gave the opening address at the launching conference of the
Phare-funded education programme "Creating greater public awareness". In
her speech, the Commissioner encouraged larger involvement of NGOs in the
Czech environmental policy, since they can help push the development in the
right direction, in particular through their influence in ares such as
education and the media. Mrs Bjerregaard also underlined that it is
essential that the Czech Republic continues its efforts to meet the full
"acquis communautaire" in the field of environment in order to qualify for
future membership of the Union.
MIDDAY EXPRESS
From EUROPA, the European Commission Server at http://europa.eu.int/
© ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996
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