Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-020"
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"en.20101020.3.3-020"2
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"Mr President, ladies and gentlemen, the common thread between the meetings of the European Council and the G20 is the need to make the necessary adaptations after the financial crisis.
For the European Union, these adaptations consist of putting our respective national and EU public finances in order and protecting our currency, the euro, by consolidating it internally and defending its value against the other major currencies. The European Council will be dominated by discussions on Europe’s economic and financial governance. The Group of the European People’s Party (Christian Democrats) welcomes the initial lines that the Van Rompuy task force has taken, including the plans for a system of sanctions against Member States that do not adhere to the criteria of the Stability Pact.
However, there is still more work to be done, with more Community method and less intergovernmental method. I welcome the work that the Commission has done along these lines. I would ask the Council to remember that this Parliament is now colegislator and will play a full role in defining the forthcoming reforms. The more Parliament is brought on board in the early stages, the more chance we have of achieving a satisfactory and timely outcome. I call on President Van Rompuy to heed this message.
Ladies and gentlemen, Europe must make its voice heard in the debate on relative currency values, and the European Council must establish our position on the subject next week, before the Seoul G20 summit. Europe must join with its partners, in particular, the United States, in reminding the emerging countries of their responsibilities. Currency dumping and the social consequences it entails must no longer be allowed.
Three major subjects will be on the table at the Seoul Summit: reform of the international monetary system of course, but also the stability of commodities – especially food and energy – and global governance. Europe has a message to deliver on each of these subjects, but this message will only be credible if we put in place effective internal, Community-wide instruments to govern and manage our public finances.
Ladies and gentlemen, we will not be able to influence global governance and will not really have a place on the international stage unless we can make the often unpopular effort to clean up our finances and unless we stick to our priorities of combating climate change and development policy."@en1
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