The Government welcomes the ideas put forward by President Santer in his proposals for a Confidence Pact on Employment. President Santer's proposals to a large extent involve economic and social measures to improve the conditions for creating employment. They were largely endorsed at the Florence European Council and they will be pursued vigorously by the Irish Presidency.
One element only of President Santer's proposals involved allocating additional Community funds. This was for the provision of further Community finance mainly for the priority transport projects under the Trans-European Networks programme. It was not possible, however, to reach agreement on this at Florence. Ireland, for its part, was prepared to support the proposal.
As Presidency, we will ensure that, in accordance with the conclusions at Florence, the Budget Council will give full consideration to the issue. The first step, however, is for the Commission to come forward with detailed proposals.