Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-173-000"

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"Mr President, Commissioner, I would like to devote my one minute to the convergence and competitiveness pact. As we approach the euro area summit meeting in a few days’ time on 11 March, I feel it is important to stress that the idea of a convergence and competitiveness pact in itself is a good idea and highly desirable. Let us get this straight. It is clear – at least to me it is – that the competitiveness pact in the version that is currently being discussed, negotiated and considered is not, and will not be, just another document or simply a litany of good intentions that will never be put into action. It is a solemn statement that we are going to take the economic aspects of our monetary union further. It will represent a leap forward towards greater convergence between the euro area economies and towards a greater degree of political coordination, especially in areas of national competence when these are an essential factor in increasing our competitiveness. Indeed, the intensity of the global economic battle means it is absolutely vital that we increase the competitiveness of our region of the world. This will involve stepping up the battle against public debt, stabilising our currency and aligning our economic, social and taxation systems more closely. The intergovernmental method has been much maligned recently and contrasted with the Community method. I find these debates somewhat sterile and pointless, and they are certainly detached from our fellow citizens’ concerns. Like President Van Rompuy, I believe we either have a European approach or no approach at all."@en1
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