Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-061-000"
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"en.20111116.5.3-061-000"2
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"Mr President, I have listened very carefully to the speech made by President Barroso and the statement by Mr Van Rompuy, on behalf of the European Council, as well as the statement by President Juncker. Firstly, I would like to say that it appears that we have a consensus in the House regarding one issue, namely that the proposed preventative measures and coordination mechanisms that we are adopting with regard to credit rating agencies or short-term sales are essential. There is absolutely no doubt that in the current unstable situation, these solutions are vital and necessary. They need to be implemented as quickly as possible. The question only remains whether they address the core of the problem and whether they resolve future problems. We truly need more ambitious measures for which the measures currently proposed serve as a foundation only. The need to strive towards true convergence is of key importance today, since it is only under such conditions that the Economic and Monetary Union can grow effectively in the long term. Union regulations must support true convergence, otherwise we will only drift and will not be able to develop and compete in world markets. Convergence means, first and foremost, the single market, which is a guarantor of our competitiveness in the world market. If I may, I would like to make a remark addressed directly to President Van Rompuy. The euro is not the property of the euro area States. The euro is a value of importance to all of us.
The impact of the euro currency and its stability on the economies of Member States that are currently availing of a derogation which, let me remind you, is only temporary, is often as important as it is for euro area States. Therefore, decisions in this matter have to be taken jointly. Mr President, we need to take them using the Community method, together with all the Member States. This is because, although the Community method is quite slow and often fails as a result of the focus on the particular interests of individual Member States, it was the intergovernmental method that created a euro area without a common policy for fiscal and revenue matters. It was the intergovernmental method that constructed a flawed, or far from perfect, currency system. The Community method, on the other hand, ensures that if we pass certain regulations, they will apply to all of us and not only to weaker Member States. Today, we can ask ourselves the question: if the governments of Germany or France, for example, were weak, would we be able to change them by exerting external pressure? Or would we not? Thank you very much."@en1
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