Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-433-000"
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"en.20121120.28.2-433-000"2
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The report ‘Towards a genuine Economic and Monetary Union’ aims to push forward centralisation further and elevate all questions relating to economic and monetary union to European level. Member States are to be excluded from having a say as far as possible. It is a complete misjudgment of the situation, as since May 2010 it has been absolutely clear that a monetary union between countries with different economic orientations and strengths and different cultural perceptions, particularly as far as fiscal policy is concerned, is not sensible. The seemingly simple answer of the EU establishment, to call for greater centralisation everywhere and at all times, therefore misjudges the situation entirely. The report does contain something positive, however: with its call for ‘necessary Treaty changes in order to guarantee legal certainty and democratic legitimacy’ it confirms that the measures taken to date, bilateral loans to Greece, the European Financial Stability Facility, the European Stability Mechanism and the European Central Bank’s bond-buying programme, are not covered by the EU Treaty and therefore were and remain illegal! The report is poor, points in entirely the wrong direction and consequently had to be rejected on all points."@en1
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