LIVE: European growth initiative slowly takes shape

I cannot (and don't want too) compete with the live report about the European summit (which I warmly welcome).

Nevertheless, may I bring some added value by presenting the main lines of the EP's opinion following it'a debate on the 22th May) about this extraordinary meeting:

WAMMEN (Council, DK Minister for Europe) “Reaching the desired competitiveness is not possible without economic stability and fiscal discipline.”

REHN (Commission, vice-president) “Achieving sustainable growth is impossible with unsustainable debt. Therefore implementing structural reforms is not a possibility but a necessity.”

WORTMANN-KOOL (EPP) “Sometimes financial responsibility needs unpopular measures which are painful in the short term but in the long term, they can create more money.”

SWOBODA (S&D) „ Die staatlichen Investitionen können Inflation generieren. Aber die schlimmste Inflation ist die Arbeitslosigkeit.“

VERHOFSTADT (ALDE) „Obama is waiting what we are waiting for.”

HARMS (Les Verts) „Griechenland braucht solche Methoden die nicht nur die Problemen von Morgen sondern auch die Forderungen der weiteren Zukunft lösen können.“

CALLANAN (ECR) “Instead of the better regulation approach we would rather need a deregulation plan.”

FARAGE (EFD) “We must break up the eurozone.”

ZIMMER (GUE/NGL) „Wirtschaft sollte nicht sich selbst dienen, sondern die Leute.“

BARNIER (Commission) « Les banques doivent travailler pour l’économie réelle. »

ANDOR (Commission) “The Commission intends to take on board all expressed opinions except one: we cannot accept the deregulation of the social protection.”

REHN (Commission, vice-president) “The stimulation of public and private investments may be the fuel of growth. La croissance est une priorité absolue mais on n’accepte pas n’importe quelle mesures. On n’accepte pas l’accumulation des dettes.”

Mr Zoltán MASSAY-KOSUBEK - EU policy expert

http://massay.kosubek.zoltan.dinstudio.com/diary_1_24.html
http://about.me/zoltanmassaykosubek