Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-062"

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"en.20090311.3.3-062"2
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"Madam President, in this time of economic crisis, the European Parliament should play a guard dog role, particularly when it comes to preventing protectionism. We have established the internal market, which has brought us much prosperity, together. Not only in western Europe, but also in central Europe, have countries enjoyed the full benefits of this. We should not let these achievements slip out of our hands in the face of any old headwind. We in the European Parliament should oppose proposals such as those surrounding the support of the French automotive industry, which could adversely affect other European countries. Parliament should also play a guard dog role when it comes to the strength of the euro. We cannot accept that countries should run up national debts without limitation. In Europe, we agreed to the so-called Stability and Growth Pact. We know that as a result of the financial crisis, we should temporarily offer more scope for supporting the banks. This should be an exception, though. There is no need to provide any structural support to other sectors in the economy. Member States do not have the funds to do this, and if they were to borrow with Eurobonds, future generations would be saddled with the burden of debt and the euro would become weak. I am opposed to this. In short, we should be a guard dog when it comes to fighting protectionism and protecting the value of the euro."@en1
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