Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-328"
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"en.20100616.24.3-328"2
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"Diversity is what gives Europe its charm, but it is a permanent weakness, in particular, when we need to take socio-economic decisions. The slow response of European leaders is regrettable. As early as 1989, the Member States rejected the report by Jacques Delors aiming to establish an economic policy coordination pact alongside the Stability and Growth Pact. As Mr Delors says, it is this ‘structural fault’ that we are currently paying for. Now it is important to preserve what we have and, above all, the euro, which is the most spectacular element of European integration and the most easily understood by all. We need to move towards a true European budgetary federation.
Nonetheless, in order to extend the financial control mechanisms at institutional and political level, we will need a European consensus that has already been reached in the Chamber with the vote on this resolution. We need to reform the regulatory framework entirely, demand common management of the economy and make the financial sector cover the costs of its performance. Finally, we can be delighted with the new European financial stabilisation mechanism to assist countries that are facing financial difficulties."@en1
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