Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-030-000"
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"en.20120313.6.2-030-000"2
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"Mr President, we all agree that we want a stability culture in Europe. That is at least what we are constantly hearing. We also need to assess what has been achieved with the fiscal compact, which represents an important step towards the stability culture. It is not a turning point and it is not the solution. It is also not a universal remedy. We can all agree on that. However, I believe that it is an important step forward, and this needs to be said for the sake of truth.
We want balanced budgets with very low primary deficits, if these cannot be avoided. We want a debt brake in the euro area countries. We want automatic sanctions for offenders before things go wrong. We want old debts to be reduced and the results to be reported to Brussels before new debts are incurred. We want the European Stability Mechanism (ESM) to come into effect earlier. We must also make sure that only those countries which join the fiscal compact have access to the ESM.
These are all important elements of a stability culture in Europe and, with the ‘two-pack’, we are attempting to implement this under European law, including a debt redemption pact, which is something my group is specifically calling for. We want to stimulate growth in Greece and the money to do this is available. Between EUR 16 billion and EUR 18 billion – the numbers vary – can be provided from the Structural Funds. I believe that we finally need to get started with this. Everything that Mr Reichenbach and the Troika have so far achieved in Greece is not enough to give a real boost to growth. Then, today, there was a debate in the German Parliament which surprised me, because the Social Democrats are threatening to vote against the fiscal compact unless it includes a particular tax, which would justifiably be controversial. I believe this would be a huge mistake. I also think it is important for the Social Democrats to become aware of their responsibilities in terms of stability policy and to vote in favour of the compact without playing party political games.
Ladies and gentlemen, I believe that the central issue for us is to make progress on the road towards a stability culture. I would like to finish by congratulating you, Mr Van Rompuy, on your reappointment. Everyone agrees that you are doing an excellent job. However, I am still of the opinion that your position, as it is enshrined in the Treaty of Lisbon, is a mistake. I would prefer to have a President of Europe who, if possible, was also directly elected."@en1
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