Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-077-875"

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"en.20120201.12.3-077-875"2
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"Let us start by saying that from the outset the idea of the fiscal compact itself was liked by very few. We may go further and say that the compact is in fact of no use to the European Union. Apart from the obligation of the Member States to incorporate the deficit thresholds into their constitutions, there is nothing new in the agreement. It is, however, worth pointing out that the negotiations were about something much more important than the budgetary commitments of the Member States – they were about the future of the European Union. During the negotiations we were answering the question about whether the unique Community method would be rescued, and also about whether decisions on EU economic policy were to be made exclusively by way of selfish negotiations between Member States on principles known to us from the congresses of the 19th century. We were also answering the question as to whether new intergovernmental institutions were to be established which would compete directly with the EU institutions. Finally, we were faced by the real possibility that sanction would be given in the Union for a division into the equal and the more equal. For the time being, we have managed to put that grim scenario behind us."@en1

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