Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-193-000"

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"Mr President, it has become clear that a monetary union requires a budgetary union, as well as compliance with the rules. That is the lesson to be learned from the euro crisis. I find the package we agreed last Wednesday to be very well balanced and I therefore have the honour to inform you, Commissioner, that the Belgian delegation within the European Conservatives and Reformists will be endorsing this package. I do have some points of criticism, however. On the whole, I think that Eurobonds are not a miracle solution. Yesterday, Gideon Rachman wrote in the Financial Times that you cannot cure alcohol poisoning with a bottle of vodka. I have had theological debates on this issue with Mrs Goulard. We could not agree, but I admire her as an opponent. I also think that the theory of economic imbalances is rather vague and unclear. It is not true that Germany has a trade surplus because Portugal has a trade deficit. That really would read like ‘EU economics for dummies’. Therefore, Mr President, we have before us the best text achievable. I will vote in favour of it and I think that, at this moment and in this period of crisis in the euro area, we and this Parliament are being called upon to deliver and that is what I would like to do."@en1
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