Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-032-000"
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"en.20111201.3.4-032-000"2
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"Madam President, I would like to thank the rapporteur and welcome Mr Draghi on his first appearance here. I also want to welcome what he said about Treaty changes and the need for faster responses. In addition, I welcome the ECB support for liquidity across the European Union, without which we would not have been able to survive so far.
There are really serious questions facing us at this perilous crossroads in European history. The issue of eurobonds and the need for a lender of last resort is high on the agenda, whether that lender is the European Central Bank or the EFSF or some other mechanism. The hour has arrived and we cannot dither any longer. This is the difficulty that we face and, if we do require Treaty change, then let us go ahead on some
basis on the presumption that that Treaty change will be approved by Member States retrospectively. If it works, they will pass it, but passing Treaty changes takes time. In some countries, we may even need a referendum.
I believe we do not have that time. It may be said that there is a strict legal requirement, but this is like saying that we cannot turn the Titanic right or left because the traffic light does not permit it. Let it trundle on, crash and we will then put the lifeboats out and pick up whoever is left. The European project, and the euro in particular, cannot be allowed to go the same route as the Titanic.
In natural justice, which, in my belief, precedes written law, our leaders must act now. We are in peril. This is not a job for politicians. It is a job for statesmen and stateswomen. I hope that we will rise to the occasion. I think we should all be asked to read and re-read the speech that the Polish Foreign Minister made in Germany very recently. I think what he has to say is really imperative for all of us to understand and to know to secure the future of the Union."@en1
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