We need a refined incentives and sanctions tool-box. Without this, we will not be able to enforce economic governance effectively. And the sanctions must be quasi-automatic.
(Jose Manuel Barroso, President of the Commission, during EP plenary session debate on economic governance, 06 07 2010)
Austerity alone will lead to further slow growth. Rapid fiscal consolidation alone will not work. Taxation on labour is far too high in many Member States.
(Stephen Hughes, member of the S&D group, during EP plenary session debate on economic governance, 06 07 2010)
Budget cuts and savings alone will not work. The most important is strategy for growth and jobs for the ES as well as for separate countries. For the first time in history we are in the situation when forthcoming generations in Western Europe will not automatically live better when the previous ones.
(Justas Vincas Paleckis, in his blog, 06 2010)
