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Home arrow newsitems arrow EU stimulus plans equal to Obama's, but faster, says Devedjian to EuroFora after capitals' tour

EU stimulus plans equal to Obama's, but faster, says Devedjian to EuroFora after capitals' tour

Written by ACM
Thursday, 19 February 2009

EU Economy boost plans equal to Obama's US plan, but faster, says French Minister Devedjian to "EuroFora" after capitals' tour


* World-record breaking, 600 km/h High Speed innovative Train TGV, produced at Strasbourg's outskirts, became a Symbol for EU Economy revival, after French key Minister Devedjian's statements to "EuroFora" that the "addition" of "coordinated" EU stimulus plans is "equal" but "faster" to new US President Obama's plan, while Stock markets were still wondering which way to go.

Revealing the main results of a fast-track trip to 4 EU Capitals before a series of crucial EU and Global Summits, Devedjian stressed "Mutual Support and information", "TransNational Measures" and a "global European Policy", as agreed ways to add the "complementary" effects of national recovery plans. So that EU's comparatively faster moves, lesser debt and strong Savings can equal USA's impressive plan, and, taken all together, incite economic actors to move swiftly in order to seize a chance to "anticipate" and be ahead.

Speaking shortly after US President Obama unveiled in Denver his plan to boost Fast Trains, (including $1·3bn for Amtrak, and $8·4bn for high speed passenger rail projects), Devedjian said SNCF, the French Rail company's 2008 Benefits from new Strasbourg High Speed line of the already existing TGV, made it possible to "anticipate" and start working from early February 2009, on new projects for "rail renovation" even before one € arrives from the Government's stimulus plan, voted at the end of January...
In reply to "EuroFora"'s question if, after his tour of the biggest EU capitals and EU-chair, the Czech Republic, he hopes that sufficient Stimulus' measures will be taken and that the forthcoming EU Economy Summit, at the 1st of March, will be succesful, the French Minister looked upbeat :


    - "We went to London, Berlin, Prague and Rome, together with Minister for EU affairs, Bruno Le Maire" this week, he noted in his first statements after the unprecedented move, made at the initiatiative of French President Nicolas Sarkozy, at the eve of a G8's EU Members Summiy hosted by Chancelor Angie Merkel in Berlin on Sunday.

    - "Everybody" among EU's 27 Member Countries "is starting to deal with (Economy) Recovery Plans, including f.ex. the (small) Czech Republic, which is launching a 2,5 Billion € plan, even if it hadn't initially foreseen to do so".

    - "The main aim of our trip wasn't to interfere into government policies", since "recovery plans have, first of all, National aims"', "but mainly to establish a Coordination between the existing Stimulus plans".

    The move was welcomed by new German Economy Minister, Karl-Theodor zu Guttenberg, who reportedly "called for a Coordinated European action against the Crisis", while meeting with Devedjian, earlier this week.

    - "Because we have many Stimulus plans which all point at the same direction : Create activities there where there isn't any, create jobs there where is unemployment". So that national "measures can be Complementary" to each other'', added Devedjian in his reply to "EuroFora"'s question.¨   

- "Thus, we established some Rules, with these four countries :"

"1) We inform each other on all measures under consideration by each one, and we provide mutual support  to implement the measures thus decided by each country."

"2) We try to establish together some Trans-national measures : F.ex. in Railroads, car Highways, Energy and electricity or Gas transport, etc., where we can take Common measures"

"3) Last (but not least), we would like to formulate a real global European recovery policy, in particular by adding the effects of all stimulus measures".
    "F.ex. the (French) President of the Republic, (Nicolas Sarkozy) has just anounced 2,6 Billion € measures for recovery in favor of the most vulnerable People exposed to the economic Crisis. Some critics claim that it's not enough. But this is added to other measures of the same kind, which had been already decided : "



"F.ex., a) At the beginning of April, we shall distribute an advance for the "active solidarity revenue" (RSA) of  3.800.000 persons ; b) The "prize to crash" (old cars) is also a stimulus for car sales ; c) The RSA, from July, will represent 1,5 Billion € more than what they initially had with RMI, and d) the Social Transferts (alias : "automatic stabilisators") augment in 2009 for 17 Billions €  in favor of the most exposed People".

"Obviously, all those measures are added together : "

-  "In every (EU) Country there are various recovery measures of this kind, and, when we compare with what is going on in the US, with the Obama Plan, which has not started yet, while ours is already being implemented, f.ex. I've just inaugurated the 1st rail wagon of SNCF's recovery plan : Our Stimulus Plan is starting. While, in the US it will have to pass now through each one of the States, once it's adopted at the Federal level. And similarly in Germany, where it must passs through each one of the Landers. Thus, it's implementation is obviously longer."

- "The Idea is to show to everybody, that when Europe adds all Stimulus measures it has already or is currently taking, then, (regardless of numbers, which evolve from day to day), our (EU) plan is perfectly equivalent to the US efforts".

-"Indeed, the Economic recovery Actions are considerable, and should incite Economic Actors to be more optimist"

This goes even more when France's, Germany's, and the rest of Europe's Debts are certainly important, but less than USA's sky-rocketing Debt, While both France, Germany and several other EU Countries also have "very strong Savings".

    So,"it's important to boost projects which are ready to start. Anticipate and accelerate is crucial in order to be more competitive, attractive and ahead" of others, Devedjian stressed.

    An example was given by Strasbourg's local General Council (Department of lower Rhine), the 1st in France to adopt a "Local Stimulus Plan to generate more than 775 million € in 2009", according to his President, Guy-Dominique Kennel. Devedjian was welcomed by Kennel and his councillors in his superbe riverside building, glad to have already made the same fast-track move as US President Obama, to condition funds to projects' ability to start working in a few Months, "until June".

- "We don't ignore the difficulties. But we want to face them, confident in our capacity to understand and act" for "positive effects to start to be felt from the next weeks", said Kennel. "Have trust : Don't wait for Banks. Invest !", was Kennel's advise to Alsace, the 2nd richest area of France, after that of Paris.

- "We are all United when it comes to Economic recovery", because fighting against Crisis is a common cause, stressed from the outset Devedjian, when Kennel introduced him to a "Socialist" local politician, Jean-Jacques Gsell, observing that "despite that, he voted for our recovery plan". Gsell took it for granted, and joined Journalists in asking Devedjian to fund 3 local projects, getting immediately a first Ministerial answer for 2 of them.
    But, when it comes into "anticipating" and "accelerating", what's best than Fast Trains' symbolic actuality ?


Until now, before Obama's big move (See supra), all US Administrations had so much neglected High Speed Trains, by focusing only on cars and planes, that USA's ranking in the World on fast rail was astonishingly  ....below Turkey's (!)  On the contrary, core EU countries as France, closely followed by Germany, are competing with Japan for World's record 1st place...


Meanwhile, a brand new High Speed Train "AGF" (TGV's successor) was unveiled by Alstom in 2008, at the presence of President Sarkozy, with an innovative Motor Architecture allowing passengers' space gains and a 360 km/h speed in established links.                

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   On February 2009, SNCF, TGV's Railroad company, anounced a strategic, pioneer freight link from France to ..China, able to transport merchandises at a 12.000 kms' long railroad through France, Germany, Poland and Russia before 2011.Cheaper than Airplane, Rail is also faster than Ship transport : Instead of 6 Weeks, to arrive from Chinese to European Seaports, SNCF aims only 10 Days...

But the way leading to the 2009 spectacular InterContinental strategic move, had been paved by Franco-Germano-Russian Summits in Paris since 2005, "EuroFora" remembers well... Another topical example of "anticipating" key European projects, which add now succesful decisions opening to EU economy big new Horizons preparing 2011...

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3 EU Parliament votes to boost EuroGroup !


After EuroZone Paris Summit's succes, Sarkozy calls to "think anew how to re-construct Europe !

"EuroZone and EU Institutional debates pave the way to 2009 discussions on EU Future, including Enlargment, Turkey etc. ?

23 October 2008

After EU Parliament strongly suppported in 3 successive Votes this week in Strasbourg French EU Chairmanship's move to boost Euro-Group at EU's core, while ideas on EU Institutional problems are awaited on December, "it's an open Question now" if this may lead to a debate on EU's Future, or not, told us French President, Nicolas Sarkozy''s Spokesman, Pierre-Jerome Henin.

MEPs voted on Thursday fresh Funds to support EuroGroup, after adopting on Wednesday a Resolution asking a "further Evolution" to "the 1st ever meeting of Heads of State and of Government of the Euro-Zone, taking decisions in that capacity", while earlier this week a Report asked "a stronger Institutional setting" for "EuroGroup", extended from "competitiveness/industry" to "environment, employment and education", with "increased powers for Political decision-making", according to a text drafted by French MEP Francoise Beres and German MEP Werner Langen, "10 Years after the creation of Euro" (1999 - 2009).

- Brussels' subsequent "EU Council ..(simply)..ratified the measures decided by EuroGroup on October 12" in Paris, which "were necessary to contain the current Financial Crisis", Resolution observes, expressing also support to the new process succesfully initiated by Sarkozy and due to be completed by agreements with USA and other countries at a Global level.

From now on, it's between two differend but parallel moves : EU's delay, and EuroZone's acceleration, that Enlargement and particularly Turkey's controversial EU bid, will have to search its way :

Indeed, EU's 27 expect a "Roadmap on how to deal with the Irish problem" on Lisbon Treaty ratification after December, risking to pass even 2009 Elections and next Commission with the old Nice Treaty of 2000, out-dated and unfit even for 2004's Enlargement...

On the contrary, EU's core launches a real "Economic Governance for EuroZone at the highest level of Heads of State/Government" of the 15, which started in Paris on October 12 and was strongly supported this week in Strasbourg by Sarkozy and EU Parliament.
- "It's a good idea, to launch such a debate ("on EU's Future") in EU Parliament in view of 2009 Euro-Election : Perhaps some MEPs will seize an opportunity", told us mainstream French MEP Alain Lamassoure, former EU Minister and EU Spokesman for France's governing party UMP.

- "All MEPs' debates on such EU Councils are also part of the larger debate on Europe's future : Now with EuroZone, and even more when, on December, Irish Prime Minister is due to table proposals in Strasbourg on how to deal with EU Treaty's ratification", replied earlier to our question EU Parliament's Press Director and Spokesman, Jaume Duch.
Sarkozy has formally anounced his intention to open EU Debates on Economy, Identity/Enlargement (i.e. mainly Turkey), etc. both linked to a popular Political view of Europe, since his Historic speeches on EU in Strasbourg, on February and July 2007, when he stressed that "Europe needs a New Renaissance". At the beginning of the French EU Presidency, on July 2008, replying to a MEP, he suggested that EU Parliament takes an active part in Debates on EU's Future.

- Now, in 2008, "Crisis are an opportunity to re-think how to re-construct Europe", Sarkozy stressed. At any case, the Historic 1st EuroZone Summit of Heads of State/Government, which started replying to the Financial crisis,"is a Turning Point : After that, Europe cannot be governed as before, but differently" : People "like a Europe with Strong Will".

- "We must make the System move !", "Europe needs Innovation" and free political debates. EU "Elections are in a few Months", Sarkozy warned.

He invited EU Parliament to fully play its role as "the Democratic Heart of the Europe we want : United, Independent and Voluntarist, because the World needs Europe's voice".

- "It's no more possible for Euro-Zone to continue without an Economic Government" at the Highest Level of Heads of State/Government, who provide "Democratic Legitimity" and can take important decisions, he announced, strongly supported by EU Parliament's Economic Committee which just voted to boost the "Institutional" aspects of "EuroGroup".

Plasticity offered by the current absence of a special Treaty on EuroZone's Institutions "made it easy to adapt the organization of the 1st Summit with imagination, to efficiently meet urgent needs", he observed, on the occasion of Brittish Prime Minister's exceptionnal presence at the greatest part of EuroGroup's Paris Summit.

- "In EuroZone we have the same Bank, the same Money, and, thus, a same duty for Unity" : "By bringing together EuroGroup's 15 members States we suceeded to find a solution and prepare a Giant Plan of 1.800 Billion euros", Sarkozy reminded of Paris' 1st Historic EuroZone's Summit.

Afterwards, Brussels' EU Council followed the move, and USA's Paulson II Plan was inspired from that. "Europe must promote the idea of Global Economy's Refoundation", he stressed.


- "I was frankly astonished when I found, at the EU, a rigid system, where any New Idea was seen from the outset as a sacrilege, while, on the contrary, Europe needs Innovation !", he described.

F.ex. ,"'When we first spoke about the "Union for the Mediterranean", it was misunderstood as something extraordinary.. When later we had the Russia -Georgia crisis, it seemed against EU's custom to act "in the middle of August", instead of staying a passive spectator ! And when, in front of the Financial ciris, we gathered the 1st EuroZone Summit of the "15", some thought of it as a lese-majesté", he denounced.
On Geo-Political Principles :
- But, by moving resolutely, "EU obtained the ...withdrawal of Occupation Troops in 2 Months !", reminded Sarkozy, observing that Russia "fulfilled its commitments", in the Georgian crisis, where a "disroportionate reaction" from Moscow followed a "totally inappropriate action" from Tbilisi's troops. "It would be crazy to reply by military means : EU should not become accomplice of another Cold War, imposed by lack of cool heads".. as he said.

In future, "the creation of a common European Economic Area with EU and Russia, would also obtain a raprochment on our Human Rights and Democratic Values", added Sarkozy, in a statement which should logically be applied, a fortiori, to controversial EU "candidate" Turkey..

Particularly when, the same week that EU Parliament voted 2009 EU Funds for Turkey's controversial EU bid, ECHR took a series of judgements condemning Turkey for grave Violations of Human Rights, such as : Torture, death of a political prisoner in unclear circumstances followed by failure to conduct a proper Investigation, "enforced Disappearance" of a youngster aged 17, Killing of a sepherd with Tank Shells, persecuting Journalists for articles on "Missing" People, even a former President of Human Rights' Association, (etc)

- "We (EU) can defend our ideas on respect of Sovereignity and territorial Integrity, on Human Rights and other differences ... without confrontation", Sarkozy stressed, on the occasion of Russian/Georgian conflict, reminding that : "we were only 2 steps from catastroph", when a Peace agreement brokered in Moscow prevented, at the last minute, Russian troops' advance towards Tbilisi.

An EU Parliament Resolution adopted Wednesday in Strasbourg on the occasion of Russia - Georgia conflict, outlines a set of Principle which apply elsewhere too, (particularly when EU Rapporteur for Russia and Turkey is one and same person ; Dutch MEP Ria Oomen-Ruijtanen !)

Clearly rejecting any "military solution to the conflicts", MEPs "condemn ..all those who resorted to force and violence". They denounce a "disproportionate military action", "as well as (an) unilateral decision to recognise the independence" of brekaway regions, "calling.. to respect the sovereignty and territorial integrity" of the concerned country, "and the inviolability of its borders recognised by all EU Member States". They warn that "EU must review its policy towards" a 3rd Country, "should .(it)...not comply with its commitments", and "stress that the withdrawal of.... troops from the areas ....is an essential additional step".

EU Parliament "calls for the safe and quick return of refugees, (accepted by Russian President Medvedev) accompanied by the deployment of EU observers on the ground", and "regrets ...that ..EU Monitoring Mission (EUMM) is not allowed to enter the ...breakaway regions". Moreover, "It's important to ensure that persons and NGOs ..engaged in defending human and civil rights can operate". "Until ...all remaining issues (are) resolved..., and notably the continuing ...Military presence", "relations with the EU ..cannot be fully normalised", MEPS warned.

As nobody likes to be accused to practice "Double Standards", this should be regarded as "Principles" applicable to any Third Country at EU's Neighborhood.. No ?


On Economy :

- "When Financial crisis shook US and EU's Banks, without result from the 1st (American) Paulsen plan, it was the common reply of the 1st EuroZone's Summit, involving some 1800 Billion euros, which started a positive move in the markets, soon strengthened by the follow-up of the US Paulson 2 Plan, noted Sarkozy.

- "Europe should not be only on the defensive, but, if necessary, know also how to take an offensive", he said, brushing away hesitationsto act on Economy: - "I'm for a refondation of Capitaliism, but against Speculators, who betray its values" : "Lack of Rules was profitable to speculators, Not to businessmen !" We must make sure to prevent any such crisis in future". "We, the rest of the World, cannot continue to bear the deficits of the 1st World power without saying anything !", the French President said, applauded by EU Parliament. All this needs "a New Global Governance", on which EU Parliament must debate. That's why "we proposed together with USA, several Summits from mid-November", to which G-8, enlarged to China, India a.o. countries, should participate. UNO's SG; Ban Ki Moon, the IMF, etc.

Financial crisis lowered shares' prices even for healthy companies, sometimes to 1/3 of their initial price, so that strangers might buy EU industries for only a portion of their real value, and Europeans may wake up one day with their main industries sold out to foreigners !

That's one of the reasons for which EU should debate about creating "Golden Shares" for States to jointly take Strategic participations to help European Industries until the end of the Crisis, particularly against distording competition, he suggested, pointing at USA's 35 billion $ plan for American Car Industry."We shall struggle for Europe to be able to build Airplanes, Ships, Trains, Cars, because we need a strong Industry", he concluded.

"F.ex. as we did back in 2004, when as Finance Minister, we bought Alsthom's shares for 800.000 euros, and, after restructuring, we sold them for 2 Millions : Help a company and make money is not so bad"...

As for the UK, "when Ireland announced that it would guarantee only Irish Banks, London City emptied from liquidities in 24 hours : It's the EU which helped to restore the situation, Not the UK alone !", reminded Sarkozy to nationalist British MEP Nigel Farage.


On the contrary, in a last-minute attempt for the EU to catch-up with its Institutional delay "before the European Elections" of June 2009, MEPs simply voted a call for a "set of proposals" to be made for the "Irish public opinion" at the end of the year...

- "As long as Lisbon Treaty is not ratified by all 27 EU Member States, there is an unanimous decision to stop Enlargement, reminded Wednesday in Strasbourg the French Minister for EU affairs, Jean-Pierre Jouyet..

Added to an indirect but clear warning that, without Lisbon Treaty, all 27 EU Member Countries may not have a Commissioner in the 2009 resuffle, MEPS in the Constitutional/Foreign affairs Committees applauded hoping that this might motivate their Irish friends..



2009 EU Elections were won by Parties against Technocracy and Turkey's controversial EU bid, while the 1999-2004 Majority Abstention trend decelerated. What should be done in 2009-2014 ?


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