 dyma'r cyfweld, a chiynau am ymddartad nhw yn ymddiol iawn. Mae'n gweithio'n gweithio'n gweithio pan oedd yn ymddartad, mae'n cyfaint o'n gweithio'n gweithio'n gweithio. A dyma'n gweithio, y 2014 yw ymddartadau yn ysgol ei gydag yng nghymru mewn llunio'r cyfynghwyl newydd, mewn gwybod eich ffyrdd nifer a'r llunio, a'r llunio ar y cyfynghyd a'r cyfynghwyl newydd, ac o'r newydd yng Nghymru a Llywodraeth Gweithio i ddweud i'r cyd-dwylliant. Felly, rydyn ni'n rhoi'n golygu i chi'n rhoi, oherwydd ar gyfer swydd mewn cyd-dwylliant o'r gweithio yng nghymru o'r ddechrau oherwydd i'r newydd yng Nghymru yn yw yng Nghymru oes yw 2014. Rwy'n credu bod fy mod i'n rwyf iawn i'r cyd-dwylliant, am hynny'n credu'n gweld ar gyfer y credyt o'r ddod o'r barhau sydd wedi bod y Gweithreifydd yn Ffawr Osir. Yn 5 ymddangos mewn gwirionedd hisfyrdd ar gyfer eu cyfnod iawn mewn gwirionedd hefyd, nad ymgyrch yn ei gynnig o'r dda, yw'r mynd yn hynod. Mae'r gyfer ei wneud fel yma yn amgueddwyr o'r gallu besol moesi i fynd i'w byd yn mu employwyr. Mae'r gweithwyr ond mae'n yn cyflawn pan yn rhan oedol, a oedd cyfryd gyda'r progyn ac yn wych ar y cyfryd. a bod ni'n ddechrau'n gweithio'n gweithio. A byddwch chi'n gweld, mae'r gwaith o'r gyflym yn gwneud, mae'n mynd i ddod i'r cyflawn, ac, ddyn ni, mae'n ddod i'r gweithio'n gweithio i ddweud o'r cyfle o'r cyflwyno'n gwneud, mae'n ddod i'n ddod o'r cyflwyno. Ond hefyd, mae'n ddwy'n gweithio, mae'n ddod i'n ddod o'r cyflwyno, a'i Friendshwyr, ac yn gweithio y mae'n dweud ac roedd ymddangos yn lladd, ond bynnwch yma ychydig pari a gweithio'r gwasanaeth ei henfu. Roedd, erbyn a'r 28 gwaith, fel ymddangos eu cyntaf yn trefyn i'ch meddwl a'r bywau yn gwyllus. Roedd y gallwn wedi bod ni'n gallu yn gweithio sicr hynny yn eu chaelig y stry compelling. Fydde beth rydyn ni'n mynd i'r gweithio a'r hyn yn gwneud yn llwybu'r bod yn ffordd. A mae hynny'n mynd i'n mynd i ddodw'n gynghraifft y mynd i'r byd, y mynd i'n mynd i'r cyflwyr, a ydw i'n mynd i'n credu rhai o'r lluniau cyfrifwyr o'r newidau newydd fel mae'n bryd yn ei wneud o gyfan. Yn gynghraifft, mae'n gweld yn y bydd y mynd i'r byd. Yn gynghraifft, mae'n gweld yn Lleitmae, yw Cyfrifwyr. Yn gynghraifft, mae'n gweld yn ei fydd y byd i'w ddweud yw'r oesgaptig? Yn ymdweud yw'r oesgaptig ac ymdweud yw'r rhaid? Dwi'n edrych, ychydig i'w ddweud yw'r oesgaptig, mae'n cael ei gael bod y dyfodol yn ymdweud ymdweud o'r ymdweud yw'r oesgaptig a'r oesgaptig a'r oesgaptig a'r oesgaptig. Mae'n cael ei ddweud yw'r bobl yw'r ddweud o'r ddweud yn ymdweud yw'r oesgaptig, tri oedd, a'n mynd, a'r oesgaptig, yn ymdweud i greu hyffordd a'r oesgaptig a'r oesgaptig, i datblygiad yn ymdweud i gael ddisgrifiannid cyrartiaid y gorllors i links gyfnwyd cyfnodol ac yn hynny'n cael ei ddiwedd yn ymdweud. Dwi'n ei air yn mwy o'r f NYL, arall o phan o'r eu ddweud cyfnodol. Mae'r ddweud y fath o'r fath, yn eu ddweud rhaid oesgaptig, yn cael ei ddiweddar oesgaptig, Bydd wireless is but I says I think that could also then lead to more of a coalition approach on the main issues. But in the end we have to wait for the votes to be counted. Reading the tea leaves is very interesting but until the votes are counted we we cant really draw any conclusions. In the commission ensuring a smooth transition from one commission to the next is also going to be a challenge. Now 10 years ago the Incoming Commission had to adjust to being a much bigger now having 28 commissioners and to the implementation a few years later of the Lisbon Treaty which brought us a permanent president of the European Council, a permanent representative has changed a lot of the way in which the institutions work in Brussels so we have bedded down those innovations now and have developed ways of working and one of the challenges for a new character mae voyoddw i'r cymdeithasol yn Llyfrgellwyll Nôr Gyllidol yn gwneud, yn cyfrwyngio, oherwydd mae'r prydwyr yn ei wneud. Ond unrhyw ychydig sydd wedi gynallu yn y ymddir y prydwyr yn gafodig yn gwych i wneud y prydwyr i etoeg yr Unedig a'u gwych yn parlylamu i'r parlym mor eich gweithredu. Rydyn ni'n edrych bod ymlaen y bwysig o wneud gallwn gwneud o'r maen o'r cyfrannu gwahanol, neu i'w cael y blynedd hŷr teimlo yn ymddangos o'r popethu pen adahu yn amlwg. Wrth gwrs, ei gyrsaf eich gyrsaf sydd wedi i'w ffuddoch yn cael llwythau a'r cyfrannu gwahanol. Rwy'n�r ei ran o gwneud yn ei wneud, a Fi oedd aeth ffysgigol... ..ythro rydw i a chyfrannu gwahanol. Aeth y gallwch ei wneud wneud trafod ei gweithwyr y gweithio... .. ymhan ond trwy am yr oedd y cyfrannu gwahanol. ond gan gwasgwyr yma yw'r yfnod ar gyfer y byddai'r ymdeg ymgyrch, ond ar gael y gyrfaen newydd ymddangos yn rhan o'r iawn o'r gwasgwyr a llunio'r cyflwytoedd ar gyfer y gwasgwyr ar gyfer y byddai'r ymddangos. A dyma yw ymdeg i'ch gwaith bod y cyfle sydd yn ei cynnw'r ysgrifennu ar gyfer y gwasgwyr newydd, dyma ar gyfer y cyfle sydd ymddangos yn cael ei cyfrifoedd economi. Even pre-crisis, Europe had difficulties with growth. We had and still have low levels of productivity, we are an ageing society, we are resource poor, we can deal with all these challenges but we have to put the political will together with the technical capacity to deal with them. So I think the big challenge on the desk of our new leadership is going to be How can we restore the prosperity triangle in Europe of stability, growth and equity cohesion? And I think this question of equity and cohesion is going to be high on the political agenda. We all know that many many people have been left feeling that what happened in the crisis was unfair. And we can see the gaps in our society and on our continent growing rather than reducing. So dealing with this, turning this situation around, which had been one of the big successes of the European Union, was a gradually more equal society, is going to be part of the future policy change because new policies will not be accepted unless there is buy-in from the population. So this is part of the framework, the thinking that the new leadership will have to go through. And I want to highlight in the economic area just three of the many points that I could choose. The first one is financial stability. I think that good foundations have been laid in the last five years. When the crisis hit, we didn't have all the policy instruments that we needed, but we have been putting them in place. And the EU has done a lot to overhaul the financial sector. Almost all of the legislation to revamp the financial sector is now adopted or close to being adopted. We have put a new supervisory system in place to try to prevent future problems. We are close to getting the banking union in place. I think the single most important thing that has to be done before the European Parliament goes to the election campaign is to find an agreement with the council on the single resolution mechanism. We need to have the banking union in place as part of the credibility of the euro, but also for the public credibility of being able to say to people that the taxpayer will not be asked again to bail out the banks if and when there are problems in the banking sector in the future. So I think a lot has been done to put things right. But I think we also have to look at moving away from what in Europe is a very bank-centric means of financing model. We need to develop deeper capital markets, all different new modern kinds of way of raising capital. And we also need to get the banks lending again, more responsibly, but lending again. I was very struck by some figures from the ECB which are for the second half of 2012, but I think they tell a story of what's happening in Europe at the moment. 85% of German small and medium-sized companies applying for credit got the full amount they asked for. In southern Europe only 42%, and in Greece only 25%. And even more worrying, a lot of SMEs didn't even apply because they were afraid of being rejected. So we don't have the same situation everywhere across Europe, but in large parts of Europe we have a real problem of financing the economy. And so my second point on the growing pile on the desk in front of the new leadership will be what are we going to do about investment? How can we get investment levels up again in Europe? It's very worrying that even in the countries that didn't have anything like the same problems as Ireland did during the crisis, investment in public goods has not been maintained. And we have a lot of cash rich companies which are keeping their cash because they don't have the confidence to invest. And this is not only about the volume of investment. It's also about the quality of investment. When you look at the challenges that Europe will have to tackle in the future about closing the skills gap, about revamping the education system, about doing better in research and innovation, all of these questions are as much about the quality of investment, but you also have to have a quantity of investment. Investing in young people and in the unemployed is going to be something that has to be on the agenda for several years to come to bring down those unacceptably high levels of unemployment. We are in the commission, we are very grateful to the Irish presidency last year because they supported and got agreement on the youth guarantee to give all young people under 25 who were not in full time education or employment the chance to be involved in education training are in work. And it's important now to turn that guarantee into reality, particularly in the countries and the regions where levels of youth unemployment are so high. And that leads me to then my third economic challenge, which is how to continue deepening economic and monetary union. I said that we didn't have all the instruments that we needed when the crisis struck. There are still things that we need to do better together in order to make sure that we have a stronger euro area in the future. And it is a little bit worrying I think to see that as the economy improves, the appetite for doing more together for balancing responsibility and solidarity is going down. So we have to hope that the Member States have drawn the right conclusions from the crisis that they are determined not to go back to the bad old days. But hoping that is not enough. So I think putting in place things like the fiscal compact treaty that requires Member States to have independent budgetary authorities to have legally binding debt levels in the legal order. These kind of things are important ways of trying to safeguard against a return to the bad old days. But we will have more work to do to make sure that governments do follow through on putting money aside in the good times, to have a buffer for the bad times, and to get Member States to work together so that they take account of the impact on each other of their policies. When you're locked together in a currency union, the effect of positive and negative spillovers is much more important than when you're not in a common currency union. So I think we have to work much harder to have national ownership of what has now been decided at EU level. And I was talking yesterday to the Eurocthus European Affairs Committee on this subject about the European semester, about the annual growth survey. And I must say I found that they were very up to speed, very interested in it, wanting to play the role that national parliaments have to play as part of this process. Because this should not be a process where the commission is the school master handing out the report cards to the Member States, who then try to explain to their parents that a B minus isn't really a bad result. That will never work. It simply is not feasible. So we have to have a situation where these issues are discussed domestically and where we can have an open debate about what the commission sees as problems drawing from our analysis, our knowledge of the countries. And then if the country doesn't agree to have a debate about are we wrong, are they wrong, are there different ways of achieving the results, but we have to keep this shared way of doing economic policy in the future. And I think there is more work to be done to have a more mature understanding at national level and where the national and the European level meets about the constraints of a currency union, the opportunities of a currency union, but the need to build public acceptance for the fact that we are in this together and that means taking responsibility for deciding together. Leaving the economic area, I'd like to move on a little bit to the wider debate on Europe. I think that the whole debate on economic governance combined with the fact that the UK is very clear that it does not want to come on the journey of deeper integration that is essential for the euro to be a strong currency area is going to bring another discussion in the coming years on what kind of Europe do we want, what do we want Europe to do, what do we not want Europe to do. I think that the crisis obviously brought, and Ireland is the case in point, brought a feeling of intrusion into areas that were previously very domestic. In particular that people in the national space felt a bit squeezed because they weren't taking all the decisions on their own anymore. And I think that this is going to be part of the debate about not only what we do together at European level, but also how we do it. We have been working for some time in the commission on what we call the better regulation agenda to try to review what we have on the statute book, to update it, to streamline it, to strip it out, to have a lighter impact. This is coming together with a debate on subsidiarity which is becoming a mainstream debate now. We have been there before, we have a protocol in the Lisbon Treaty that governs subsidiarity, but I think we will have a new role, a new round of debate, including on the prescriptiveness and the intensity of EU involvement. Is that something that can be adjusted rather than a dismantling of what we have or a rolling back of what we have, but a new discussion for a new generation about exactly how does Europe do what it does? I think it's a good topic for debate. I think it will bring to the question of how far are Member States prepared to trust each other to deliver things that are generally expressed, or do they not trust each other and do they want to write down and excruciating detail what will happen at every stage? We have to have a debate about these kind of things. I think that this will also bring up questions relating to the capacity of different public administrations around Europe, and it's one reason why, in our annual growth survey for the last several years, we have put modernizing public administration as one of the five priorities. Because we live in a very sophisticated world, what we do at European level is very complex, we need to have a government machinery behind that to be able to deliver on these policies. At times of squeezing the public sector, cutbacks in the public sector, we need to invest in the capacity of a union that functions on the basis of legal framework to be able to roll out all of those agreed policies in similar ways across 28 rather different countries. Another point I want to make is that, inevitably during the crisis, Europe was very inward looking. We were completely consumed by the crisis. At the top political level, the European Council was meeting once a month because it was in crisis mode. I think we now, coming out of this crisis, we have to re-establish Europe's outward look and Europe's place in the world. We need to return to themes that we were discussing five or six years ago about globalization and how can Europe shape it. We can see export-led recovery in a number of member states, so clearly showing that Europe's connection to the outside world is very beneficial for us. That's why we have some very big trade negotiations on the agenda at the moment. Of course the one that the biggest prize of all would be the free trade agreement with the United States. We are warming up on the negotiations on that and that will take quite a lot of detailed negotiation to see whether both sides of the Atlantic are prepared to commit to a new way of working. But the prize of doing that is very, very, very big. I think issues like energy and climate change are certainly going to be on the international agenda as well. You have seen that the Commission this week has put out its new energy and climate package drawing on the experience of the last six or seven years. Some things worked well, some things did not work so well. It's foolish not to adjust the policy when the evidence tells you that you need to make adjustments. But part of what the Commission has proposed is for a very ambitious target for the Union by 2020 to reduce greenhouse gas emissions by 40%. That is what we would want Europe to take to next year's international climate negotiations as our position. In all of these ways, Europe has to get back and engage with the rest of the world. Just as there are issues that we can tackle better together at European level rather than nationally, Europe is also a limiting factor in itself when you're dealing with global challenges. So we need to get back in the game because the world has changed and some of the European ways of doing things are no longer accepted by our partners. Europe traditionally is very much in favour of multinational binding international treaties as a way of doing things. It's a wider projection of the way that we work internally. But a lot of big players around the world don't want to do that. We shouldn't just throw our hands up and say, oh, we can't get the treaties through anymore. We have to find other ways of engaging with different partners to solve these international problems. For that, you have to be freed up from the intensity of the domestic focus that everybody has had for the last few years. I want to mention one more topic before I come to saying just a few things about Ireland in this context of change in 2014. And it is the issue of migration. There's a very difficult debate coming. We see our demography. We see the skills gaps. Europe will need to find some way of having intelligent managed migration. There will be continuing pressure from our neighbourhood. Look at what's going on in the Middle East. Look at the human tragedy there. There will be pressure from refugees. There is also Europe will have a need to bring in skilled labour from outside. And the debate is actually very uninformed. We've just had several weeks of intensive media debate about free movement inside the European Union. That is one of the fundamental principles of the union and we must defend it. We can't have second class member states. If you join, it has to be as full members. And so the commission will defend the right of free movement. But it doesn't mean that we don't have to look again at some of the rules that pertain to all of this. So there is a need for a debate which is going to be a very difficult one. It's going to cross many different policy areas, many different ministries. So inevitably the European Council is going to have to help steer an intelligent orientation for Europe in the years to come on an issue like that. So I won't go on about the growing list that will be on the desks of the new leadership but these are just some of the big issues that they will have to tackle very early in their new mandates because five years goes by very quickly and you need to be quick out of the starting blocks in order to achieve results in five years. So I think that a lot of preparation is going on now so that we can hopefully help the new leadership be up and running very quickly. Thinking about Ireland, I definitely think that Ireland had a good EU year last year, a very successful presidency. I think the ministers and officials who were involved in running it really did do a very good public relations job for Ireland by showing what a very determined focused team can do. I remember a few of my colleagues saying oh my God, it's very different, we get homework before we go to the meetings, we have to perform at the meetings and we have homework to do afterwards. So it was really well organized and very, very streamlined presidency and I know that everybody in it felt that they were doing their bit for putting a different image of Ireland back on the European agenda and I think they really succeeded. The programme at the end of the year was also a badge of honour and it's something that we are very proud of as well because we recognize how tough it was, how difficult it was, what people have gone through but it was also a very important exercise in European solidarity to come to the help of a member state in difficulty and sometimes it's tough love when you have to recommend policies that are difficult to implement but I think it was a success of working together and so for Ireland for 2014 it should be a year of back to normal not being a special member state under a special regime but being a normal member state playing its full role in the whole proceedings and I won't go into details now but we can develop this in the questions and answers that means that Ireland will be in what we call the European semester so fully part of sharing policy making getting recommendations from the commission because there are still structural reforms to be done here even after the programme has ended but this will be all part of the normal process in which all member states are engaged and I think it's an area where Ireland can actually play a role beyond its size in helping to shape Europe's post crisis growth strategy because of what people have come through here and we will be reviewing what is called Europe 2020 it's Europe's growth and job strategy we will be reviewing that this year we will have a big public consultation so I hope lots of people in this room and the organisations that you represent will participate in that I think we need a real discussion about what kind of strategy should we have as we come out of the crisis and then it will be for the new commission the new parliament and the new European council president to lead that to agreement across the floor so I think that by the end of 2014 the faces that we all recognise as the European leadership will be very different we will all have to get used to working with some people we know some people we don't necessarily know but the photographs the family photographs of the different meetings will look very different from what they look at the moment and the timing is good for once because coming out of a crisis new team good foundations having been put in place by those who are just completing their mandate now it really is an opportunity for a new beginning and I think that they will have to build on the foundations the build a new narrative on the foundations that they will inherit so post the European elections and post the UK elections the following year there will have to be a real debate on the European projects a lot of people across Europe will be asking some of the questions that people here are asking about where do we go from here now that we are out of the crisis where next and I think that we can sit down and debate this together and then decide what are we going to agree to do together at European level what are we going to agree that we are not going to do together at European level and I think that we will of course have to find a compromise between very different starting points but what's fascinating about the European Union is when people come together they start with very different starting points but somehow or other we managed to hammer out a way forward for the future and the Union is not static it's always changing and evolving and we're on a journey that doesn't have a fixed end point that frustrates some because they don't want to sign up until they know exactly what's the destination but I think for most of the countries in understanding that this is the best vehicle we have despite all its flaws and its frustrating aspects this is the best vehicle we have for making common cause and for delivering better results for our fellow citizens in the future and for me that's what will make the European Union continue to be relevant in the years to come is that adaptability and flexibility and ability out of very different starting points to find a common way forward maybe I'll pause there Chairman and we can see what's on the minds of the audience Thank you very much