This is yet another important issue for budgetary policy in 2009.

In the field of budgetary policy, the message seems to me to be equally clear.

Labour could, even now, be participating in making budgetary policy.

You are not in a position to make a qualitative assessment of its budgetary policy.

In other words, monetary policy can influence growth but not without the help of budgetary policies.

When the economic situation is buoyant, budgetary policy must remain sound.

That is how we should formulate our European budgetary policy over the next few years.

That would have been the most logical course from the standpoint of budgetary policy.

Let us not confine ourselves to looking at these two areas of budgetary policy.

Member States must harmonise their budgetary policies and share these with each other.

More important still is that we must achieve close coordination of budgetary policies.

For example, in the short term, pro-cyclical budgetary policies should not be used.

We agree that this budgetary policy must contribute to healthy and stable growth.

They say that this restrictive budgetary policy is necessary as a means to getting on top of inflation.

The rapporteur is right to go for a strict budgetary policy.

The field of economic policy is very wide and cannot be reduced to budgetary policy.

Budgetary policies must be consistent across the Union too.

In the realm of budgetary policy, we are well prepared for enlargement.

However, one thing is certain: the incentive structures for budgetary policy have changed with monetary union.

The budgetary policy variously affects the three following core issues.

That Administration will need to control interest rates, exchange rates and budgetary policy.

Furthermore, as you have stated, it needs to take into account the economic cycle for budgetary policy.

Now governments do not have such a clear idea of what the financial markets make of poor budgetary policy.

In addition, measures to combat the crisis must be integrated as part of a responsible budgetary policy.

You mention the restrictive budgetary policy in recent years.