Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-098"

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"Madam President, on looking at the Council conclusions, I am struck by something. The issue of pay is mentioned, and quite rightly, as it is a major issue that we need to deal with together, and take responsibility for. However, there is also the issue of tax havens, and, on that subject, I have the impression – though I may have misread it – that, even between the lines, the text is silent. The President-in-Office of the Council has said that we need to be ambitious and not just follow the lowest common denominator; I would invite him to follow the same line on the issue of tax havens. I would also invite President Barroso perhaps to enlarge his task force to handle this crisis by including Commissioner Kovács, if he really wants to deal with these issues. Finally, I would invite the Commission to call on the Member States to revise their national action plans. What is the point of us coordinating economic policies on the basis of national programmes that do not even take account of the predictions of recession that we will need to face? If it takes economic governance seriously, the Commission needs to require the Member States to review their plans in light of the reality of the economic situation that they will need to face up to. At last, everybody has had their say and, in the end, we have a certain amount of European cooperation, but it is not enough. We have an historic opportunity to give the States the tools to influence the reality of economic policies and the Member States’ economic and industrial strategies, so let us make the most of it. On behalf of the Commission, you need to take the initiative to provide a framework for the way in which the Member States use the nationalisation of the banks to turn them into instruments for the long-term funding of the investment we need..."@en1
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