Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-042"

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"en.20100616.4.3-042"2
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"Madam President, the meeting of the European Union Council is taking place at a crucial moment and is of fundamental significance. We need profound reform of the system of governance at the level of a Union of 27 Member States, and not only at the level of the 16 members of the euro area. We are united by much more than a common currency. We need to strengthen economic governance in the Union. A key word here is to make economic policy Community-oriented, by which I mean strengthening the role of the European Commission in economic coordination when making ex ante analyses of national budgets and the role of the European Parliament in the area of the democratic control of European economic governance. We must avoid the division of Europe into an elite club of the euro area and the rest by maintaining the economic integration of the 27 countries. We must not allow ourselves to have a two-speed Europe. The countries which remain outside the euro area but which intend to join it have, for the most part, healthier public finances and greater potential for economic growth. They can make a significant contribution to the economic development of the entire Union. I would like to remind everyone that in the worst days of the crisis, Poland was the only island of prosperity on a red map of Europe – at the time, it was the only country which recorded economic growth. We should learn from the deficiencies of the current Stability and Growth Pact. The system of sanctions, which amounts only to shaming certain countries, simply does not work. We need a system of sanctions which will be effective and just for all countries, and we also need a strengthening of the preventative action of the pact. The solution is that we have to get out by going on. In the face of the crisis, we need more Europe."@en1
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