Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-23-Speech-3-040"
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"en.20100623.9.3-040"2
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"Mr President of the Council, it is an honour and a joy to see you. May I say that your sober approach to issues at this time has been valuable.
The last Council in Germany accepted that the Union needs some form of economic governance; however, it refused to accept France’s reasonable proposal that this governance should be exercised at the level of the 16 in the euro area to start with. Thus, we are moving towards economic governance of the 27. My question is this: what sort of joint economic governance can be exercised by 27 countries with 18 different currencies, different taxation, different lending rates and so forth? I fear that we may again be moving into the problematic structure of the euro area."@en1
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