Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-904"
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"en.20100616.24.3-904"2
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"I support greater political integration in the EU and coordinated and strengthened economic governance. Europe needs real solidarity. This solidarity implies that all the Member States are responsible for not harming the others through bad governance or incompetence or concealing data in public accounts. The European Financial Stabilisation Fund to guarantee the stability of the euro is an important first step towards giving the European Union a more robust and sustainable economic and monetary policy framework. It is a pity that this mechanism has taken so long to come. I support having an oversight mechanism for the public accounts and deficits of each Member State to ensure that the reported sanctions will not be applied. I am also of the opinion that there should be a ‘European Monetary Fund’ (EMF) to which euro area countries would contribute in a manner proportionate to the size of their GDP. The sustainability of public finances is essential for the stability and growth of the euro area. However, it is important to restore growth rates and achieve the objective of sustainable economic development and social cohesion, giving priority to dealing with persistent and significant macro-economic imbalances and disparities in competitiveness."@en1
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