Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-081-000"
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"en.20111213.5.2-081-000"2
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"Mr President, nothing has been enough. Over the past three years, we have witnessed a succession of Councils, each of which has been at the mercy of the grade that the financial markets would decide to give its decisions on the following Monday. It turns out that the markets are still giving the European Council’s decisions a failing grade, because not one of the results so far appears to have pleased them. Nothing has been enough, and our efforts are still failing.
The reason for this is simple. It is because we are still focusing on a strategy that is partial, insufficient and biased. It is partial because, although it does impact on austerity, it ignores growth and the need for investment to generate employment, the role that the European Central Bank must take and the subsequent issuance of Eurobonds. It is insufficient because what is called fiscal union is, in fact, only a budgetary union, budgetary coordination, and ignores the aspect of inflows and the correction of the tax and fiscal inequalities in the European Union. Above all, it is biased, because it is an intergovernmental agreement that sits badly with the provisions for treaty amendment enshrined in the Treaty of Lisbon itself, which made the European Parliament, which represents 500 million citizens, the most powerful parliament in the history of the European Union, and with good reason, because it represents 500 million people.
This is a Parliament with an ordinary legislative procedure that should play a decisive role in any plans to reform the Treaties."@en1
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