Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-100-000"
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"en.20120912.4.3-100-000"2
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"The European Union’s current problem is that it is trying to tackle the crisis by drastically reducing public spending in order to reduce budget deficits. In this way, by forcing savings, although we can of course improve the general state of public finances temporarily, we are also restricting opportunities for growth, thus threatening the continent with a deepening crisis and large-scale recession.
Some Member States are also pushing for an ideology of reduced public spending at the level of the EU budget in the period up to 2020. It is difficult to understand such a policy in the current economic situation since we know that EU funds play a major part in stimulating the economy, and not only on the demand side, but also through the mechanisms for their acquisition, such as co-financing and the need for job creation, that is to say by an emphasis on new ventures.
Unfortunately, instead of a genuine strategy for growth and jobs, we still only have proposals for deepening integration and depriving Member States of further areas of sovereignty. I therefore look unfavourably upon the idea of creating a single supervisory mechanism over banks or a banking union. In this context, the idea of a new European treaty, under which the EU institutions would take full control of national budgets, finally depriving Member States of the tools to manage their own economies, is annoying and quite unrealistic."@en1
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