Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-434-937"

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"en.20121120.28.2-434-937"2
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"− This report is a response to the proposal of the European leaders (European Council, European Central Bank, European Commission and the Eurogroup) to redefine a true Economic and Monetary Union (EMU), which defines its basic pillars, the steps that should be followed for its consolidation and the implications in terms of amending the necessary Treaties for its full implementation. Given the severe economic and financial crisis which the European Union is facing, and considering the objectives of promoting stability, consolidation of public accounts, sustainable and balanced growth and the deepening of the internal market envisaged by the EMU, this proposal is intended to be an EU response to restore confidence in its currency and economy. The proposal is based on four key pillars: banking, fiscal and economic union and the strengthening of its democratic legitimacy and accountability, including proposals such as the establishment of a Single Supervisory Mechanism, the strengthening of tax harmonisation and the decisive implementation of structural reforms in the economy. I voted for this report since I agree that decisive steps should be taken to strengthen integration and deepen the EMU."@en1

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