Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-027-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic governance2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20111116.5.3-027-000"2
lpv:hasSubsequent	lp_eu:2011-11-16-Speech-3-028-0002
lpv:speaker	lp:Werner Langen2
lpv:spokenAs	member; Conference of Delegation Chairs (2009-09-30--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 chair; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-30--2014-06-30)3 member_of_the_bureau; EPP (2009-07-14--2012-02-02)3 unknown; Christlich Demokratische Union Deutschlands (2009-07-14--2014-06-30)3 substitute; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, Presidents, I would like to start by congratulating you. All three of you have been elected – one by Parliament and two by the Council. Mr Farage’s information was therefore not correct – and now he is leaving. Three things go together: regulation of the financial markets, the Stability and Growth Pact, economic governance and the rescue packages. If we do not tackle regulation of the financial markets, the rescue packages will have no effect. That is the first prerequisite. If we design the economic governance properly, we will not need the rescue packages. That is why this crisis is a European Union institutional crisis. Looking at the regulation of the financial markets, I see that the United Kingdom is blocking whatever it can, which is in every nook and cranny. I believe, in this connection, that we must also consider how we can improve on that. As Mr Juncker said, we need to involve all the different configurations of the Council. Personally, I would go further: the President of the Commission must involve all the Commissioners and the Directorates-General, as there is no common thread in the proposals in this regard. I believe that moderate changes to the Treaty are necessary. As well as Article 136, we need the abolition of Article 126(10), which expressly denies the Court of Justice of the European Union the ability to monitor compliance with the Treaty. The Commissioner for Economic and Monetary Affairs and the Euro needs the same powers as the Competition Commissioner: rights of intervention. That is the right way to go. Propose it. Eurobonds and collectivising the debts is not the right way to go. The Member States bear the responsibility themselves and thus the only issue is inflation. One group wants to prod the European Central Bank into action and create more money, while the other wants to collectivise the debts. The right approach is to realise that inflation hits the poorest hardest, while only self-responsibility on the part of the Member States creates the stability that we all need."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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