Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-426-750"

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"en.20110623.37.4-426-750"2
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"The current economic crisis facing Europe requires a new approach. The crisis is political as well as economic in nature and we have seen time and time again that Europe is strongest when it acts together and a unified response to this crisis is the best response. Even the approach by the EU is novel in this regard as this is the first time the Parliament is co-deciding with the Council on macroeconomic developments and the Council needs the Parliament’s agreement in order to reach a final consensus. This report represents a large number of compromises from all sides of the argument. It is vitally important to send a strong signal to the markets and to citizens both of the EU’s intention to combat this financial crisis and of its capacity to resolve differences and address crucial issues. I also welcome the approach taken to address fraud and an unwillingness to act on agreed recommendations without a reasonable justification. It is important that such sanctions exist but it is equally important that we do not punish states where they are unable to achieve proposed targets and I welcome the report in this respect."@en1
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