Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-055-000"
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"en.20111116.5.3-055-000"2
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"Mr President, I have listened to the Presidents of the Council, the Commission and the Euro Group on the subject of economic governance, which is considered necessary to the proper functioning of the euro area and in order to address the continuing economic crisis. Of course the Union, and especially the countries in the common currency, need a long-term strategy and plan to protect them from international crises.
Economic governance cannot succeed alone; it needs to be accompanied by properly functioning institutions, democratic equilibrium and respect for institutional competences. The problems we have witnessed, with the Council – and, in particular, certain members of it – taking charge of everything, is out of keeping with the basic principles and values of the Union and of the Treaty of Lisbon. It is understandable that the large countries should play a bigger role. However, the power of the Union and its importance in the global system stem from the balance struck between large and small countries and from its unity. The European Commission and Parliament are the strong and necessary factors that give the Union credence as an area of peace, prosperity and democracy, for the benefit of European citizens and of the entire world.
The crisis in the euro area, in which certain countries, such as Greece, are the weak links, cannot be addressed with panicked reactions and fragmented decisions. The austerity programmes for the countries with debts and deficits are absolutely necessary; however, without a long-term plan for growth, without coordinated policies and without disseminating resources between the Member States, the crisis will return again in other countries.
The introversion that marks certain political decisions is undermining the Union’s common future and success. The European Commission should assume fully the role allotted to it in the Treaties and Parliament is entitled to timely information and to participate in the decisions taken to deal effectively with the crisis, in order to give them democratic credence. It is said that history teaches that nothing can be taught. Let us hope that the European Union does not confirm that."@en1
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