Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-431-000"
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"en.20110623.37.4-431-000"2
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"−
I chose to abstain from the vote on this report on the proposal for a Council regulation amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure. Although the relationship forged between the economies of individual Member States, and between them and the Union, needs to be reviewed, particularly in the light of what has happened in Greece and of the fact that various other Member States are showing signs of an imminent financial crisis on the same scale as that in Greece, such a review cannot be carried out using the methods presented in this report. The report seeks to correct the vulnerabilities of national economies by increasing – excessively in my view – the authority of the EU over the Member States themselves, thus sacrificing their freedom and powers in relation to finance. I therefore cannot vote in favour of this report."@en1
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