Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-222-000"

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"en.20110623.37.4-222-000"2
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"Madam President, I voted in favour of postponing the final vote because I think there may be some possibility that we can reach agreement with the Council. The economic governance reports on the whole are not, in my view, the best option, but in the situation in which we find ourselves, they are probably the least worst. We are in a position that we have an inherently fragile structure supporting the euro. The Stability and Growth Pact has not worked; even from the very beginning it was a failure. Now we are in a position where we either give up on the currency or we try to put in place some form of economic governance that will strengthen its foundations and in some way rebuild the infrastructure. I agree with Mario Monti, who said that excessive deference to large Member States contributed somewhat to the current economic crisis, and our proposals might at least stop that happening in the future. I just hope it is not a case of closing the stable door after the horse has bolted."@en1
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