Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-216"

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"en.20100209.13.2-216"2
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"Madam President, Commissioner, in a monetary union, there can be no attacks on Greece, Spain, Ireland or Portugal, but rather attacks on the Union and attacks on the euro, which make the most of any signs of fragility or any breaches which open up within the solidity of the bloc as a whole. In this context, I must inform you, Commissioner, that your statements were inappropriate and dangerous but, coming from someone with your experience and background, I can only assume that they reflect an outpouring against the stubbornness and inaction by the Commission of which you are part because monetary union is much more, as you well know, than a single currency, a Stability Pact or a single Central Bank. For monetary union to be sustainable over the long term, it cannot limit itself to looking at short-term, nominal indicators, it cannot leave out the real economy, economic growth or employment and it cannot ignore the substantial internal divergences of a regional and social character which occur alongside it and which the Commission detected very well in the work which it did on the ‘EMU@10’. For these reasons, each member country has its obligations. Whoever believes, however, that monetary union is a project which is now complete is making an unpardonable mistake. We need to stop talking and start acting. The Lisbon Strategy did not work because it had neither means nor instruments. Today, if we want monetary union to persist and remain firm, it is necessary to replace terms such as ‘solidarity’ and ‘economic policy coordination’ with concrete means and instruments which, up to now, have not been there. The Commission has just been put in office not to continue doing what it has done before but to learn lessons and initiate a new phase. That is what I expect and I trust them to do it."@en1
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