Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-064-000"

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"Mr President, it is regrettable that this is not the first time we are hearing expressions of dissatisfaction in Parliament with regard to Council conclusions, but it is even more regrettable that it will certainly not be the last time, because, firstly, it has shown itself to be biased again. For it is biased to focus only on the deficit, and for the only stimulus to be the reallocation of resources which are entirely insufficient when it comes to fulfilling the objectives for stimulating growth and creating employment. However, it is also insufficient to use the term ‘fiscal union’ to talk about something that is only budgetary union, budgetary restraint, which, furthermore, is boosted only by sanctions and by no incentives whatsoever. It is also biased because it is side-stepping Parliament and, through an intergovernmental treaty, trying to avoid making the reform needed to turn the European Central Bank into what the European economy needs. Therefore, it is not going to bring the patient out of this coma; instead, it is going to make the patient’s health deteriorate even further."@en1
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