Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-083"
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"en.20100420.4.2-083"2
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"Mr President, President of the Commission, I find this programme perhaps overly tentative in view of today’s upheavals and challenges, and I believe that we are entitled to expect greater ambition from the Commission, all the more so given that you committed yourself to this.
On financial regulation first of all, I fully understand what Mr Barnier is trying to do. It is along the right lines, but I believe that we could have gone further and considered other avenues, such as the separation of banking activities, the taxation of financial movements or a pure and simple ban on derivative products, as is being contemplated today in the United States.
However – and, for me, this is more important still – I believe that we absolutely must do everything we can to promote the real economy and sustainable investment which, unlike the current, extremely financial services-driven economy, actually creates employment. I would very much like it if we worked on concrete projects along those lines. I cannot see any such projects in this programme today.
I also believe that we need far-reaching projects. If ever there was a time to revive the idea of a Europe of the railways, it is today, with the crisis that we have gone through. At present, we have 28 000 flights each day in the European Union. This really is the time to revive this Europe of the railways that has been spoken about for decades.
However, I believe that nothing will be achieved without genuine economic coordination and economic governance. From this point of view, I regret that the Council is in charge of a working group on this issue; I would have preferred it to have been your Commission.
We urgently need budgetary, economic and industrial coordination. We need to create a European monetary fund and, alongside it, to implement measures for stabilising the Member States’ public finances. Although it is a word that is no longer used, we need to work towards fiscal convergence. I am thinking in particular of the issue of corporate taxation. Moreover, we will need to work on an own resource for the EU budget. I believe that these would be powerful acts that might well put us back on the path to growth.
I would like to say one more thing about the future economic strategy of the Union for 2020: please, do not give up quantified objectives in relation to poverty and education. I believe that, from this point of view, you will have the support of the entire European Parliament. We are talking here about the European social model that we want and that we love."@en1
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