Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-081-000"

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"en.20111130.14.3-081-000"2
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"Madam President, once again the European Council meets in a critical situation, even more so than the preceding one, which was already bad enough. We have made mistakes in our diagnosis, our strategy and our proposed solutions, not for lack of good judgment in these debates, but of the resolve to act accordingly. The Commission drags its feet when it comes to implementing the initiatives of a directorate formed by two governments that not only ignore the rest of the Member States, but do not even listen to the Commission and the European Parliament. What we need is not a reform of the Treaties to impose even more severe punishments on countries that are already suffering, thereby causing them even more distress. On the contrary, what we need is to correct the congenital defects which the euro, our common currency, was born with. That requires authorising the European Central Bank to act as lender of last resort, to intervene in the markets and indeed to authorise the issue of bonds. We must not add to the errors we have already committed with a misapprehension – that of confusing the problems we have to tackle with their mere symptoms."@en1
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