Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-308-250"

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"en.20120202.31.4-308-250"2
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"I voted for the resolution on the new treaty, known as the ‘fiscal compact’, because I agree with it in broad terms. However, I have three objections, albeit isolated ones. Firstly, I consider it an exaggeration to state that ‘virtually all the elements’ of the treaty can be achieved within the framework of the EU Treaties in force, thus rendering this new treaty unnecessary. In truth, its most important items – first and foremost, the obligation for Member States to include binding rules on balanced budgets in their domestic legal systems – could not be the subject of EU legislation. Secondly, I agree that the treaty does not solve the Union’s current budgetary and economic crisis, but nor is that its purpose; rather, it is intended to prevent future crises. The present budgetary crisis could not be overcome without assuring creditors now that there will not be others in the future. Thirdly, while I entirely agree that a genuine ‘fiscal union’ is much more than budgetary discipline, also including the issue of joint loans for both the national budgets and the Union budget, I do not think it possible to omit the requirement for tax harmonisation. The very idea of the internal market is incompatible with ‘fiscal competition’ and ‘tax dumping’."@en1

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