Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-060"

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"Mr President, I will abide by your rule. I welcome the Spanish Presidency’s comments about productive systems and a focus on competitiveness. I think we need a little bit more of that conversation in this Parliament, in Council and in the Commission. In relation to your comments about the slow response, we need to look at that because there is the problem of a lethargy in the European system in terms of response. Member States could have reacted more swiftly when the banking crisis hit. We are capable of doing it but we seem not to have done it in this particular instance. Finally, the Commission is looking for four pillars of a new strategy. I think the Commission needs to examine its own role in this crisis. I believe that the monitoring of the rules of the Growth and Stability Pact were on the basis of a ‘soft’ power approach which did not work. Had we all, as others have said, abided by the rules, we would not have this problem. Giving you more power will only work if you actually use the power you already have."@en1

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