Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-134-000"
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"en.20121023.5.2-134-000"2
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"Most of the topics reviewed at the summit had also been discussed at the previous summit. What is new is that the President of the European Council, Mr Van Rompuy, is proposing a separate budget for the eurozone. I understand that there is a great need for more money to save the banks but is the emergency fund not the instrument for that? There is no public support for a bigger emergency fund, but is a new budget not a way to hoodwink our citizens? In Mr Van Rompuy’s proposal a separate budget for the eurozone comes down to ever more ‘Europeanisation’ of social policy. Calling for more Europe at a time of crisis threatens to trample subsidiarity under foot compared with economic, social and fiscal policy. Does the Council not recognise an area of tension here? How will he ensure that subsidiarity is not eroded? I want to warn you about these proposals for an economic and budget union, because I am very worried about them."@en1
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