Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-157-750"
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"en.20120118.19.3-157-750"2
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"−
I voted for the resolution on the conclusions of the European Council of 8-9 December on the new intergovernmental treaty being drafted. However, I have reservations about three issues.
Firstly, I do not agree with the doubts about the need for the treaty. Its main objectives – including that of incorporating the golden rule of balanced budgets in the domestic law of the Member States – could not be achieved within the framework of the EU Treaties.
Secondly, I completely agree that implementation of the new treaty at Union level should fall to the institutions themselves in line with the Community method. However, I cannot leave one side the constitutional problem resulting from using the EU institutions to implement a treaty that falls outside the Treaties that created them and by which not all the Member States are bound.
Thirdly, I entirely agree with the idea that the treaty should provide for a true ‘economic and fiscal union’, but I believe that, in addition to a redemption fund, project bonds, a financial transaction tax and a roadmap for stability bonds, mention should have been included of a minimum level of tax harmonisation, without which there can be no level playing field in the internal market."@en1
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