Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-023"
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"en.20100908.3.3-023"2
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"Madam President, Minister, Commissioner, ladies and gentlemen, as my fellow Members have indicated – Mr Gauzès just now and yesterday during the State of the Union debate – we need more Europe.
More Europe to create growth and employment, to regulate the markets and to reduce inequality. This is the contention of my group chair, Mr Daul, and one which I fully support. I believe that Member States have finally realised that we needed to be bolder in economic and budgetary matters. Bolder and, above all else, responsible: national protectionist responses are a recipe for disaster.
We need greater financial supervision at European level; the agreement with the Council on the financial supervision package, which we will vote on at the next plenary session, is excellent news in this regard.
However, as well as supervising the system, we must establish real coordination of our budgetary and economic policies. We must create both budgetary federalism and economic federalism. Having a common monetary policy but independent budgetary policies paralyses us. I think that federalism has begun with this new European Semester, which requires Member States to submit their budgetary strategies before the summer each year to the Council for its opinion.
However, as is often the case at EU level, what happens in practice will determine the rules much more than texts. For my part, I want this coordination to be more than just a formal exercise and to result in a true common strategy for our economic, industrial and social policies. I regret that the national parliaments and the European Parliament are not yet fully involved in this coordination process.
Minister, as a representative of the Council, I am therefore addressing you in particular: parliaments, as budgetary authorities, must play an essential role in the emergence of a European economic policy, as that is the only way to ensure its effectiveness and legitimacy."@en1
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