Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-05-Speech-3-401"
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"en.20100505.73.3-401"2
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"Mr President, first of all allow me to express, on behalf of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, our complete solidarity with the Greek people following the deaths that have taken place today. I would also like to call for a return to calm and say to the Greek people that we are on their side and that they have our support in the efforts that they are making in this long and difficult trial that they are facing.
I call on all the institutions to support us in this responsible approach, in order to guarantee that Europe quickly establishes a solid regulation and monitoring system. We hope that by working together we can also create a tax on financial transactions, so that the financial entities make a fair contribution to the economic effort that every one of us has had to make.
The future of Greece will largely depend on the growth of its neighbours – us – as we are its main economic partners. If we are not capable of tackling the challenges that have already been set in the 2020 strategy, if we are not capable of fleshing out a common political agenda and if our economies are condemned to slow growth, with few employment opportunities, we will not be able to prevent further attacks that could be even more serious and difficult to manage.
The future of our continent is at stake. The future of Europe depends on our intelligence, our solidarity and our firmness.
I would also especially like to address the Prime Minister, Georgios Papandreou, and encourage him in his firmness and political courage and in all the hard work he is doing to save the future of his country.
In the months and years to come we hope that the European Union will do everything it can to support the reform processes that are necessary. We cannot continue to simply play a monitoring role. The European Union must play a part in the reform and support it. The success of the transformation process must be a joint success for everyone in a united Europe, invoking a common destiny. In order to achieve this, we must ensure that the European and fiscal instruments are adequately mobilised, providing all the help and assistance that we can during this difficult period.
Moreover, beyond the Greek crisis, I think that we can conclude that the last few weeks have been very illuminating. We must use everything that we have learnt to strengthen economic governance and build a European Union that is not only monetary but also truly economic. Something that was inconceivable at the time of Jacques Delors has now become inevitable, and we must measure up to the demands of our times.
In order to achieve all of these ambitious objectives, we must first learn to work together. The Stability and Growth Pact is one of the elements that has most demonstrated the need to coordinate our economic policies. The coordination of our economic policies must be active and effective, and focused on processes of sustainable, strong growth that is shared by all and will guarantee jobs. We hope that the European Commission will soon put forward brief proposals in this respect that go beyond just repressive logic. We must learn to build and grow strong together.
President Barroso, I hope that you understand the urgent need to make maximum use of the role that the Commission can play in this phase.
Secondly, we must equip ourselves with the mechanisms that we need to tackle a crisis. It is high time for the Council to approve the establishment of a European financial stability mechanism, a proposal that was adopted in March by the prime ministers and leaders of the Party of European Socialists. We must condemn the aggressive and speculative attitude of some financial agents, but we must also understand that we have designed a monetary system that is insufficient in times of crisis.
Thirdly, we must develop a new concept of European solidarity. Either we move towards a common destiny, or we must resign ourselves to succumbing to the negative dynamic of national selfishness and destructive competition between ourselves. We cannot say that we want to live together while at the same time saying that in practice we each want to act independently. The current crisis is an acid test, and we must understand its full significance.
Fourthly, we need to attach the necessary importance to the financial sphere. The coming weeks and months will be an opportunity for Parliament to take a position on a series of very important legislative proposals, such as hedge funds and financial supervision."@en1
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