Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-428-968"
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"en.20121120.28.2-428-968"2
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It is worth making some remarks about the discussion process involved in this deepening of the Economic and Monetary Union (EMU). As on other occasions, Germany imposes, the Council adopts and Parliament endorses this. Before this report was discussed and voted on, a committee of three representatives of Parliament (appointed, not elected) took a position on behalf of Parliament on various aspects. These positions formed the basis of this report and the final compromise solutions. A peculiar exercise in democracy by this Parliament. As far as the key issue is concerned, the consequences of this Economic and Monetary Union are plain for all to see, as it has been responsible for unsustainable imbalances and differences between Member States and has been the instrument for deepening neoliberalism in Europe. But those who have benefited from it do not now want to let it go. As on other occasions, a new step legitimises the previous one and justifies the following. As far as we are concerned, our profound disagreement with the EMU is well-known, and for which there is no possible reform. Strengthening the EMU will lead to greater destruction of the manufacturing bases of countries with weaker economies and will heighten production deficits that will generate greater budgetary deficits and growing public debt. We have presented several proposed amendments to the report that run counter to its entire philosophy and general approach, which were voted against by the majority."@en1
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