Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-149-000"
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"en.20110706.5.3-149-000"2
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"The report by Mrs Berès sends out a strong signal for a permanent solution to the current crisis, setting out a whole series of ambitious recommendations. I can agree with the statement by the rapporteur that the crisis caused by large sovereign debts in various Member States has revealed the risks of imbalances within Europe. The EU must act and respond in a unified way by pressing harder for the closer coordination and harmonisation of fiscal policy. I agree with this view, and I also agree with the rapporteur’s idea that closer European integration can act as a protective shield against a future crisis. I agree with the rapporteur’s opinion that the asymmetrical development of individual euro area member countries must not be allowed to grow more pronounced in the future. The rapporteur makes a very daring call, however, for the creation of a single European Ministry of Finance, the powers of which would include joint administration of debt. This European super-ministry would be able to contribute towards better coordination of economic policy in the euro area and elsewhere. Such a development would mark a revolutionary change, but at this point in time, it is not at all clear whether the Union or the euro area is capable of such a fundamental intellectual and organisational change. At the same time, however, it is already clear that the euro area cannot continue to operate in its existing form after the current crisis, and will require profound reform."@en1
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