Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-141-937"

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"en.20120118.19.3-141-937"2
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"− The current draft of the agreement has raised a number of questions about its effectiveness in the European Parliament. Firstly, the objectives pursued in this agreement could be achieved more effectively by using the Community method. Secondly, the Member States express their desire to increase fiscal discipline in this text, but the crisis will not be overcome with just measures in this area. There is a need to ensure that the governments of the Member States will adopt measures promoting economic recovery and competitiveness, and that they will table proposals for the creation of a bailout fund, for the issue of project bonds, for a financial transaction tax and for stability bonds. I would emphasise that this agreement should be compatible with EU legislation, and that democratic responsibility should also be respected by increasing the participation of the European Parliament and the national parliaments. For the above reasons, I voted for the European Parliament’s position on the draft international agreement on a Fiscal Stability Union that the Member States want to adopt following the European Council of December 2011."@en1

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