Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-418-000"
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"en.20120522.18.2-418-000"2
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"Mr President, due to the most severe crisis suffered by the European Union, the most extraordinary crisis, there have been a succession of twenty Councils, which have been described as ‘extraordinary’ to the point of trivialising the adjective, because they have not managed to alleviate the malaise, which really is exceptional..
They have given off an air of being slow, inadequate and fragmented, given that they have not been able to establish either a plan or a narrative. A list of measures does not make a plan, and to achieve a plan and narrative that can be deployed over time, which does not impose unrealistic conditions in impossible timeframes, the call for growth should be given some substance, as it has become empty words. And to achieve that, all the available resources need to be mobilised: the financial stability mechanism, the balance of which has not yet been used, and also the Structural Funds, the balances of which are yet to be utilised.
Secondly, there is a need to clearly state that a fiscal agreement is not simply a budgetary corset to reduce costs, but rather to secure income, and this requires alleviation of the debt load, an increase in the European Central Bank’s firepower, and also the implementation of the European Treasury that issues eurobonds, which rationalise the partial sharing of Member States’ debts, currently called ‘sovereign’ debt. This also ensures the necessary income, via the innovation of the resources being discussed: the financial transaction tax, the all out fight against tax fraud and the eradication of tax havens.
Only this will allow us to convincingly talk about the light at the end of the tunnel, stating how much it is going to cost us, in such a way that the phrase ‘how much is it going to cost us?’ does not only invoke sacrifices, but also the necessary resources to serve and fulfil the objectives we are discussing."@en1
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