Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-333"

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"Mr President, I have abstained from voting on the resolution on the Europe 2020 strategy. Of course, I believe that reform of the EU institutions, improved coordination and a new focus on demographic issues and innovation strategies are necessary. However, I was disappointed by Parliament’s non-committal approach to the financial markets and the stability pact. Without the debt rescheduling option that we have called for, the EU rescue package will definitely result in the creation of a transfer union. This is a no-go area for responsible politicians in the Member States. In addition, I think that the refusal of a majority of this House to grant the Commission more powers of inspection and more powers to impose sanctions signals a return to a national egoistic approach. This will not be a glorious chapter in the history of the European Parliament. It is as if we are saying that Europe will pay for our mistakes, but no one can take away our right to keep making the same mistakes over and over again. Therefore, I would like to call for automatic sanction mechanisms as a punishment for financial wrongdoing. We also need the possibility of an organised withdrawal from the rescue fund with the debt rescheduling option. We must start preparing these measures now, because if we are called on to put them in place without preparation, the costs will be two or three times as high. Thank you very much."@en1

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