Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-19-Speech-3-022-000"
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"en.20110119.4.3-022-000"2
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"Mr President, Mr Van Rompuy, you agreed to chair what is referred to as a Panel of Eminent Persons. It was made up of finance ministers who were threatened with a downgrading of their sovereign debt. Were they capable of providing a panel of eminent persons? The discord that pervades the current debate between Mr Trichet, President Barroso and Chancellor Merkel, just like the turbulence in the markets. tells us that this was not a panel of eminent persons.
You have been asked to manage the euro crisis. We need to manage the euro for the benefit of European citizens and not speculators. For this to happen, you have agreed to a revision of the Treaty for reasons of convenience, even though our Conference of Presidents had said how unnecessary this revision was – words confirmed by the President of the Euro Group.
However, Mr President, Mr Van Rompuy, you risk enticing us down a path that could lead us along the route of ‘too little, too late’. Indeed, the day will come when you will need the wisdom of this Parliament, of a convention in order to revise the Treaty, so that we might, in future, have tax harmonisation, a European treasury, loans for mutual debt management and for restoring employment to the heart of our economic policies.
If you do not want the Treaty to be revised, take the bull by the horns and introduce stronger cooperation for the euro area in order to manage the problems and the responsibilities of the Member States of that zone, rather than letting it float as and where the markets take it."@en1
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