Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-439"

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"en.20100615.27.2-439"2
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"Mr President, it would appear that the German and French Governments agree that the European Union does not need new institutions. At least that is what Mrs Merkel and Mr Sarkozy appeared to be saying last week. However, it would appear – as we have already heard – that we are moving towards a new amendment to the Stability Pact, in which sanctions will be imposed, such as the withdrawal of voting rights, on Member States which do not apply discipline in the financial sector. My question is very simple: do you believe that the problem of governance in Europe can be dealt with by and restricted to disciplinary issues in terms of financial adjustment? Or that, in the midst of a crisis, with the monetary tool at Community level and the financial tool at national level, we shall end up in an impasse? Problems exist which we have repeatedly highlighted. Just yesterday, Moody’s again downgraded Greece’s credit reason for no good reason. Will the truce you referred to bring about specific, tangible results for the future?"@en1
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