Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-012"
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"en.20100519.3.3-012"2
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"Mr President, I do not think that either nationalist or Marxist rhetoric is going to provide us with the solutions we need for this crisis we are going through.
What we are currently experiencing, Mr President, is not, in my opinion, a monetary crisis in the Union, it is not even a crisis of our single currency; rather, it is a crisis of EU governance. This is the situation we are in at the moment. I would even go as far as to say that it is a crisis borne of the Member States’ obsessive belief that they can solve Europe’s problems with their intergovernmental approach, when a monetary area, Mr President, must be governed by a single method, by the Community method, on the basis of the European interest, and not by a syndicate of national interests, which is what the European Council and the Council of the European Union, by their very nature, represent.
For my part, I therefore have three messages to send out this morning in this debate. The first message, Mr López Garrido, is addressed to the Council. We could perhaps ask the Spanish Presidency to invite the Members of the Council to show a little discretion in relation to the euro crisis, because each time a solution is found to help the euro, one or other Head of State or Government is compelled to come forward to say his piece, and to sabotage, in fact, the solution that has been found. I therefore think that the first thing that the Council must be asked to do is to be a little bit more discreet and to let the Commission and the European Central Bank come up with solutions.
My second message is for the Commission. I believe, Mr Rehn, that you took some brave decisions last Wednesday which are a step in the right direction, but that the Commission must go further. For the time being, then, we have a working group. This Council working group will meet to put forward solutions around October time or towards the end of the year. In my opinion, this is much too late. It is up to the Commission, which has the right of initiative, to put together an ambitious overall package over the coming weeks and months. That is what must be done. We must not wait for a working group of the Council to tell us what must be done; it is up to the Commission to take this initiative. It is up to the Commission to draw up a comprehensive package, which it will present to the Council and Parliament, and which will comprise, in my view, four elements.
Firstly, strengthening the Stability and Growth Pact. This means, in fact, penalties; I personally am in favour of Mr Rehn’s idea, and I hope that everyone else is as well. He says that, as part of this package, the Commission should be tasked with screening budgets before they are approved by national parliaments. This is not a matter of subsidiarity or of a lack of subsidiarity; it is a matter of loyalty towards the Stability and Growth Pact and the euro. We cannot say, on the one hand, that we are members of this Stability and Growth Pact and of the euro area, and, on the other, that our budget has nothing to do with the euro, or that this is a strictly national competence.
Secondly, I believe that this package must also integrate a convincing 2020 strategy. That which is on the Council’s table at the moment, Mr López Garrido, is not at all convincing. Are you going to reach a conclusion in June? What, though, are you going to conclude in June with regard to the 2020 strategy? Will it be the same thing that you concluded with regard to the Lisbon Strategy, which failed? Will it be the open method of coordination once again? Well, if you are serious, you must now provide the Commission with all the instruments it needs to actually manage this 2020 strategy, this economic strategy which has to extricate us from the crisis.
The third thing which definitely must be done is to create a European monetary fund to replace the stability mechanism which was created, because that mechanism, as you say yourself, Mr Rehn, is not going to be up to the job. Once again, it is an intergovernmental mechanism which was concocted within Ecofin and which requires unanimity. Every single loan which is granted has to be approved by all the Member States. This is a system which cannot function in the long term, and a European monetary fund, managed by the Commission and, if necessary, by the ECB, is therefore required. However, it must not be left to take those decisions which are the responsibility of all Member States in the euro area. Finally, we must have a European bond market.
This is what we are expecting from the Commission, Mr Rehn. We want you to be ambitious and courageous enough to put an ambitious package comprising these four points on the negotiating table within both the Council and Parliament."@en1
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