Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-113-000"
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"en.20111213.5.2-113-000"2
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"The ‘Last chance summit’ has ultimately turned into a ‘Summit of missed opportunities’. Having had a weekend to consider the fallout, ‘the markets’ have responded in a way which leaves little room for interpretation: credit rating agencies are preparing their credit downgrades and, yesterday, Italy was still paying nearly 6% interest – and this despite the arrival of Mario Monti and his technocratic cabinet – albeit under pressure from ‘the markets’ and Europe. This is, at the same time, one of the very disturbing and more fundamental trends of the euro crisis. After all, it has caused a huge rift in many arenas: in the economic, budgetary and political arenas, but also in the democratic arena.
However, it is ironic that, at a time when more and more citizens are taking to the streets and various protest movements are springing up like mushrooms out of the ground, the European decision-making process is being scrupulously kept behind closed doors. Worse still, the European Parliament is being sidelined. Nevertheless, one of the lessons which can be learned from this debate is that we would actually be able to achieve a result in tackling the crisis if the European Parliament were allowed to join the table. After all, we do have a consensus here that we should take steps that will offer people future prospects and introduce Eurobonds across party lines and national borders. The only genuine solution is a democratic one."@en1
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