Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-359-500"
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"en.20110706.18.3-359-500"2
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"Although the measures and initiatives relating to the financial, economic and social crisis might all be much better implemented in less troubled times, it is sometimes the case that crises create opportunities – and I hope that will be the case here as well. It seems that the most urgent issue in today’s situation is to maintain the common European currency. In this context, all the indications are that we will not manage to avoid fundamental reform of the EU budget. It was clear more than three decades ago that currency union requires a larger budget than the EU has at present. The budget needs its own sources, and we must take into account the serious long-term implementation of budgetary policies at EU level. This is therefore one of the most key requirements at present. Measures to limit capital flows, however, and an emphasis on support for the real economy, are also important. In my opinion, the stronger role of the UN is an extremely positive move – the EU can be a valid part of a multilateral world. A common Ministry of Finance, Eurobonds, a European Debt Agency – these are all very important proposals. Now more than ever, we need political union and economic integration."@en1
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