Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-071-000"
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"en.20111130.14.3-071-000"2
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"Madam President, ladies and gentlemen, the situation is coming to a head, and it is time to act with the speed and effectiveness that has so far been lacking.
Relying on the miraculous effect of a Treaty reform announcement would be pointless and counterproductive. Embarking on the risky road towards an intergovernmental treaty would have a quite devastating effect on the markets. Reforming the Treaties takes too long; an intergovernmental agreement will not result in any kind of fiscal union. The truth is that the problem facing the EU today is a political problem, not an institutional one.
It is possible, under the current Treaty, to strengthen economic convergence, enhance fiscal discipline, maintain stability in the euro area and boost growth. The two new proposals for regulations tabled by the Commission demonstrate this, and with that legal basis, Article 136, it is possible to go even further, including with regard to the role of the Court of Justice of the European Union. The flexibility clause would make it possible to increase the powers of the euro area, and Article 122(2) is an appropriate basis for that extraordinary Eurobond-based debt redemption fund proposed by the German Council of Economic Experts.
In short, one has the feeling that Treaty reform is being sought so as to avoid codecision, so as to have less rather than more Europe. Hence there are no excuses: immediate action must be taken and the foundations laid for the full creation, with the citizens’ consent, of a fiscal union based on stability, growth, solidarity and democracy, one that ultimately serves as the basis for that reform of the Treaties, which is too important a goal to be compromised by a clumsy, ill-timed reform that would be legally unnecessary, economically insignificant and politically harmful today."@en1
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