Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-123-000"
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"en.20120703.5.2-123-000"2
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"We are rightly cautious in our evaluation of last week’s European Council meeting because there has already been a point, in December, where one could have believed that the EU’s descent had stopped. Journalists often exaggerate when evaluating a meeting. It is a crucial point that as a result of this summit, the financial pact is now supplemented with a growth agreement, even if the sum concerned is modest and the manner of its utilisation still requires clarification. Over the next few months, we will need to address issues that were not covered at the summit, such as the introduction of eurobonds. A decision should finally be taken on the EU-wide introduction of a financial transaction tax. This step would provide the EU budget with essential resources and would, at the same time, ensure the regular functioning of the financial markets. Either we are capable of creating a completely new European Union or Europe will forever be marginalised in global competition. In the course of implementing the necessary reforms, we must establish a political union in addition to the economic policy union and must set up new democratic institutional and decision-making frameworks. It is crucial that all 27 Member States be involved in the reform; none of them must be allowed to be worse off as a result of the growth pact. We should urgently set up a European Parliament special committee to reflect on issues concerning the future of the European Union. The European Parliament should review our options for strengthening the democratic legitimacy and institutional and decision-making frameworks of the EU. More Europe and an increased spirit of Community can be achieved and consolidated only through completely new democratic legitimacy."@en1
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