Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-050-000"
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"en.20120215.4.3-050-000"2
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"Mr President, ladies and gentlemen, the Commission yesterday published its first macro-economic surveillance report and it is a good job this mechanism exists.
Evidently, as was to be expected, Germany escapes all surveillance and escapes any criticism from the Commission. It should be noted that the alert thresholds for macro-economic imbalances have been designed to prevent Germany from falling foul of enhanced surveillance. This can only be related to the curious fact that France also, whose deficits are consistently well above 3%, has still not been admonished by the Commission.
Therefore, I can only observe that the Commission is running a two-speed Europe. There is a Franco-German executive, whom it is better to leave alone, and then there is everyone else, who can be scrutinised.
Commissioners, you will only restore trust when you put the same energy into tackling private debt and public debt, struggling banks and struggling Member States, inequality and public deficits, and France and Germany, along with all the Member States in difficulty."@en1
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