Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-163-000"
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"en.20120118.19.3-163-000"2
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"I voted for this joint resolution concerning the 8-9 December 2011 Summit as it: suggested that financial and economic consolidation could be achieved through EU law, not Intergovernmental Agreements (IA) or EU treaties; recognised the draft IA did not reflect European Parliament (EP) priorities; supported a stronger role for democratic input from the EP and welcomed inclusion of a parliamentary working group and gave all EU members (including the UK) participation rights in discussions.
The draft IA is still being developed, and already there are moves from Member States to dilute the fiscal requirements identified at the December summit (including the so-called ‘golden rule’). For the Single Currency to work there needs to be strong economic and fiscal union between Eurozone (EZ) members. I am not yet convinced that the EZ states will finally agree to necessary strict controls, and I am glad the UK is not part of it. I believe it is in the UK’s best interests to have a strong and stable euro, given that 40% of our trade is with EZ countries. For that reason, and the fact it was the only option achievable at this stage, I supported the resolution."@en1
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