Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-159-500"

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"en.20120118.19.3-159-500"2
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"The current version of the draftraises many doubts of a legal nature, and these issues will determine how effectively the compact is enforced. Signing and ratifying the agreement in the form proposed will lead to the emergence of an alternative legal order, whose relation with European law in many areas remains undefined. Unresolved issues include those concerning the primacy of EU law, the jurisdiction of the Court of Justice of the European Union and the competences of the other European institutions. Another unresolved but important issue is the question of insufficient democratic legitimacy, because democratic legitimacy can be achieved only by greater involvement of the European Parliament and the national parliaments. From the point of view of economic governance, it should however be noted that most of the provisions of the proposed intergovernmental agreement can be put into effect more quickly and effectively by using the Community method and the Stability and Growth Pact, which was amended in December. The approach followed by the Community method also makes it possible for countries which are not part of the euro area to be included in the decision-making process, and this in turn allows the need for additional EU institutions to be avoided. In relation to this, notice should be taken of the European Parliament’s proposal that all parties to the agreement, including both present and future members of the euro area, should have the right to participate in Euro Group summits, because it should be remembered that the euro area does not operate on an opt-in basis, and the countries which do not belong to the euro area are the subject of what is only a temporary derogation. Inclusiveness in the process for making decisions on economic governance is therefore in the interest of all, because the majority of the Member States have committed themselves to join the euro area."@en1

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