Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-084-000"

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"Mr President, I would like to underline the importance of the consultation that Parliament must issue. This is the first reform of the Treaty of Lisbon since it was adopted and came into force. This is a step towards building the economic governance of the Union, and it is probably the first example of how possible future reforms of the Treaty will incorporate some of the elements of this economic governance. Parliament, in my opinion, must do what is needed, which is to establish this mechanism, to help to put this financial stability mechanism into action, while, at the same time, ensuring that what is needed is done in the best and most desirable way. We need a mechanism that is stable, which means it will be able to prevent and discourage speculation and have the capacity to respond as and when needed. It should be a mechanism that is secure, with the legal basis that today’s temporary mechanism does not have, and it should have sufficient economic scale. I am, therefore, in favour of the simplified procedure, although it is preferable that this be an exceptional step; that reforms take a different form; that Union elements be incorporated into intergovernmentability, with a fundamental role for the Commission; and, finally, that Parliament have a say in accountability. Lastly, following the adoption of our report by the Committee on Constitutional Affairs, we hope that the Council will be sensitive to our request, because we believe it will strengthen this permanent stability mechanism and therefore contribute to the economic governance of the Union."@en1
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