Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-360-750"

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"en.20110706.18.3-360-750"2
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"I voted in favour of the report by my colleague, Pervenche Berès, on measures to deal with the financial, economic and social crisis. I can only welcome an initiative that emphasises the need for an integrated, Europe-wide political and economic approach that will enable us to recover from the crisis and revitalise the European project. I am particularly pleased with the idea of creating a Eurobond system, and that of establishing a European energy community. I also welcome the creation of a European treasury, which would provide a means of pooling debt, and would be led by a Commission Vice-President who could coordinate European monetary policy effectively. Nonetheless, it is regrettable that the amendment on increasing the EU budget with a view to boosting growth, employment, innovation and investment, within the framework of the EU 2020 strategy, was rejected in the plenary vote. I doubt whether austerity is the best way for the European Union to recover from the financial, economic and social crisis."@en1

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