Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-082-000"

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"Mr President, ladies and gentlemen, President Barroso said some important things today, but several points need to be clarified. I would like to highlight three of them. First, euro area fiscal union. At last, someone has noticed the existence of Article 136; however, the President of the Commission spoke of a Commission-Council procedure. In fact, Article 136 also contemplates the possibility of regulations. It is therefore possible that, under Article 136, 17 Member States will vote in the Council and 27 in Parliament. We would like to know whether – as Parliament has requested – the Commission intends to propose regulations with the ordinary legislative procedure pursuant to Article 136 for the conditionality of the stability mechanism. Secondly, the stability mechanisms themselves. The 21 July agreement is fine, the European Financial Stabilisation Mechanism (EFSM) is fine, but the truth is that the quota method does not work. You must tell us if you think that the EFSM, which still exists, can continue to operate, especially after the ruling from the German Court, and if therefore it is possible to think in terms of the communitisation of the stability mechanism. Thirdly, the Secretary General of the German Christian Democratic Union (CDU) today said that he would like to move on from monetary union to stability union. Without growth, development and employment, there can be no stability. You should tell us if the Commission agrees with this."@en1
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