Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-223-125"

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"− In voting against the Wortmann-Kool report, and in fact against the entire ‘governance package’, the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament is not saying ‘no’ to more robust and stringent European rules on the fiscal policies of the Member States, but is expressing its opposition to a specific line of economic policy: a line focused solely on budgetary discipline, and therefore an inadequate response to the current serious economic and financial crisis. As a condition of its support for the package, the S&D Group had requested the introduction of a golden rule to ‘save’ productive investment from swingeing cuts. The alliance between the Group of the European People’s Party (Christian Democrats), the Group of the Alliance of Liberals and Democrats for Europe and the Euro-sceptic conservatives of the European Conservatives and Reformists Group, backed by the Council, has made it inevitable that we would vote against by rejecting this potential compromise, which opposes a line that is destined to exacerbate the sovereign debt crisis and to hit both social cohesion and growth prospects in Europe hard."@en1

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