Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-164-000"

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"en.20120118.19.3-164-000"2
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"I believe that Parliament’s resolution on the conclusions of the European Council meeting (8-9 December 2011) on a draft international agreement on a Fiscal Stability Union cannot be endorsed, since many of the objectives laid down in it cannot be achieved in the foreseeable future for political reasons. Firstly, the call in paragraph 5 of the resolution to introduce such measures as a Europe-wide financial transaction tax and so-called stability bonds conflicts with the political positions of the majority of EU Member States. Agreement at intergovernmental level on these items has not yet been reached. Secondly, the scepticism expressed in paragraph 1 of the resolution regarding an intergovernmental agreement as a form for achieving the EU’s fiscal goals is not justified. The Council decided upon an intergovernmental agreement (a fiscal compact) precisely in order to avoid the long and complicated procedure of amending the EU Treaties, which would run counter to the current main task of convincing the financial markets that the euro area and the EU as a whole is determined to resolve this enormous crisis with speed and certainty. Thirdly, I cannot support the call to use the Community method to transform monetary union into ‘true economic and fiscal union’, which the majority of Member States wishing to retain their sovereignty may find unacceptable. At the same time, I welcome the fact that the majority of Members supported the proposal by Mr Brok to include in the resolution a call to give all the EU Member States, not just those that have joined the euro area, the right to participate in all euro summits."@en1

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