Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-238-000"

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". Mr President, I am glad most of the contributions indicate that the job which was assigned to us – and by ‘us’ I mean Parliament and the Council – to agree on a very ambitious and new economic governance package, is 99% completed. I am also in agreement with many of the honourable Members that, after the hard work of negotiations, we have to get the deal done. I am optimistic because, here in this House, I feel a commitment and a real sense of ownership towards the future of Europe. Let me make a few comments on the particular issue – which is still open –of the extension of reverse qualified majority voting. During the last six or seven weeks, the Council has discussed Parliament’s proposals at least on a weekly basis. In the last four weeks the Finance Ministers of the 27 Member States discussed the package three times, and each time they made major concessions to Parliament on various points of the text in order to pave the way for a timely agreement. We discussed all aspects of all the proposals at various levels. Originally, you proposed that the reverse qualified majority voting rule be applied in more than 15 instances. In some cases it was not legally feasible to do so, and we identified where that was the case very quickly. Some of the other points in question were already included in the Council’s general approach to the decision on imposing financial sanctions. In May, the Council agreed to reverse qualified majority voting in two places in addition to the general approach. On Monday the Council made large concessions, in the last case on the preventive arm of the Pact, including a review clause in three years’ time and the ‘comply or explain’ procedure, which was strengthened in comparison with the previous agreement in the March Ecofin Council. These safeguards can give Parliament the necessary reassurance that deviation from the Commission’s proposals and recommendations will be kept to a minimum and that cases of non-compliance with the rules, and thus the need for explanations, will be very rare exceptions. It is definitely time for Parliament to reconsider its initial position and to make a move towards the Council. The markets and investors are vigilant, and they would like to see whether we can deliver the agreement in the coming days or not. I believe it is essential for us to do so. In addition, this package could demonstrate how European institutions can cooperate in a responsible, efficient and constructive manner in such an important field. Several times during the trilogues, I heard serious criticisms from Members of Parliament about intergovernmental procedures. The swift and timely adoption of the package could prove that the Community method is the right approach to use in going forward."@en1

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