Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-234"
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"en.20100209.13.2-234"2
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"Madam President, about ten years after the creation of the euro area, it is clear that the European Union exists but, unfortunately, we are still a very long way from economic union. We see that the attack on the euro via the weakest national economies is taking on epidemic proportions and Europe is, ultimately, a spectator, not so much because it was surprised, but rather because it does not have the financial tools to react.
There is no institution, with the exception of the Committee on Competition, which can coordinate the interventions and actions of the national economies in times of recession. Unfortunately, there is no unanimity and common determination between the Member States, even though we have a common currency.
I think that today’s test does not have any one country’s name on it. It is a test for the euro itself. I would like to believe that, when we decided to have a single currency, we had already decided that we would now have a single voice and a united front."@en1
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