Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-061"
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"en.20100616.4.3-061"2
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"Madam President, Europe has often made progress as a result of the crises that have confronted it, and this is what has been happening very recently. That said, even if Europe was able to react – a little late, it is true – it is no less true that the sovereign debt crisis has brutally revealed the fact that we lack real economic coordination at European level, as well as revealing the price that we are paying for the absence of real economic and budgetary coordination in Europe.
The debate on the need for such coordination of our economic and budgetary policies, long before any draft national budgets are drawn up in the Member States, must therefore take place, in my opinion, within the economic and monetary union – not exclusively, of course, but in the first instance.
Economic and monetary union – that is, the fact that we have a common currency – confers on us, of course, an increased responsibility and solidarity. So no, there will be no two-speed Europe or two-tier Europe, but we must unquestionably strengthen economic and monetary union."@en1
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