Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-467-000"

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"en.20110623.37.4-467-000"2
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"The stability criteria were not respected in the past. It is to be assumed that incentives will not help in the future either. It is open to question whether the European Parliament and the national parliaments will be able to play a substantial role in any monitoring process. I believe that macroeconomic imbalances in the EU and in the euro area can only be effectively redressed by splitting the euro into two currency zones. Further planned rescue packages are not required merely out of a sense of fairness and will lead to major difficulties in the northern EU Member States in the future. Although I essentially agree with the report, I reject its approach, which is why I am voting against it."@en1

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