Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-038"

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"Mr President, Commissioner, you have heard a very clear message from this Parliament, a request for the Commission to act, to intervene. The Commission is requested to refrain from limiting itself to rubber-stamping the minimum possible consent between States, which is the same as saying that the Commission needs to stop being limited by the will of the most powerful. The Commission needs to shoulder its duty and obligation to take the initiative. I regret to say that the conclusions that we anticipate for the next summit meeting will not produce a solution, above all because the anticipated mechanism for intervening must be adopted unanimously by all Member States, and we need a European dimension, rather than a dimension that allows for all kinds of distortions and some countries to control others. On the other hand, reviewing the Treaty at this time will open up a Pandora’s box, and in any case, I would have liked an answer to one question: will the new mechanism be able to buy government bonds? Commissioner, an in-depth review is required, and the Commission cannot ignore the current debate on eurobonds, and provide no response to the initiatives that various actors are taking in the meantime, namely Juncker, Mário Monti, some elements within this Parliament and think tanks. The Commission needs to table a proposal and needs to be able to defend it. Lastly, one final note: the euro area does not have a global problem – well, it does have global problem, but one concentrated on its insufficient growth rather than unequal growth within it. Where are the means that need to be in place alongside economic governance and penalisation in order effectively to promote and bring the 2020 Strategy to fruition?"@en1
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