Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-23-Speech-3-018"
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"en.20100623.9.3-018"2
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"Mr President, President Barroso, President Van Rompuy, the Group of the European People’s Party (Christian Democrats) is pleased that, during your tenancy, the European Council has made important progress towards the necessary improvement of European economic governance and common engagement within the G20. After all, the crisis compels us to set to work at long last on the creation of a more solid basis for the survival of the euro. Budget deficits must be tackled, so as to win back the confidence of financial markets and also of our citizens.
Parliament supports the strengthening of the preventive arm of the Stability and Growth Pact: the European stress test, the imposition of sanctions. However, fleshing things out in specific terms in the task force will be key, as the intergovernmental method will not help us out of the crisis. As far as we are concerned, compliance must be based on, or embedded in, a Community governance structure. What is needed is not new institutions – indeed, fortunately, this would not attract any support within the Council – but instead, a strong, independent role for the Commission.
It is to be welcomed, Commission President Barroso, that you are to present further proposals in the coming months. Last week in Parliament, you said that the Commission is the economic government of Europe, and received applause in plenary for this. Yet it is part and parcel of this that, generously and also ambitiously, you make use of your institutional right of initiative. Stronger competitiveness in the 27 Member States is exactly what we want to achieve with the EU 2020 strategy, with strong small and medium-sized enterprises as our driving force for jobs. The content is about right, but my concern remains how Member States’ efforts can be judged, something that is crucial for success.
Our group calls on you to flesh that point out more specifically in the task force. After all, if we fail to organise this properly, we are in danger of ending up with a kind of Lisbon Strategy, which was unsuccessful. That would not be in the interests of our citizens, their jobs or economic growth.
Mr President, you called on us to take a quick decision on the financial supervision package, yet you know that the problem does not lie with Parliament; it lies with the Council, which is still not prepared to actually put the de Larosière report into practice and transpose it into legislation. The Spanish Presidency has really made too little progress, and so you would do well to call on your colleagues in the Council to show willingness to compromise, as Parliament does, as that is crucial if we are to meet the 1 January deadline."@en1
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