Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-998"
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"en.20100616.4.3-998"2
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"The European Council is again going to discuss the strategy for growth and jobs and the fight against the crisis – the EU 2020 strategy. These matters need to be discussed together, because they are related to each other in the short, medium and long term. It is a good idea to point out some of the causes of the difficult situation which has arisen, and present proposals for corrective measures. We did not adhere to the Stability and Growth Pact. The question arises as to where the institutions were – where were the people who were responsible for supervision and monitoring? The European Union does not have a truly common market – the countries of the monetary union are highly diversified, they do not have a uniform financial policy, and economic union is in its infancy. The EU has to be more resolute in regulating the market, including the banking and financial markets. The help which was given to financial institutions and banks must be directed to and used for development purposes. The EU budget should be based on many and varied sources, including a financial transaction tax. The EU’s competitiveness in relation to third countries should be based on the standards which are in force in Europe. A European Union mechanism for economic governance in relation to the 27 Member States should be developed and put into effect by the Commission, in accordance with principles established by the Council and Parliament. The activity of the Union should be extended by measures to ensure adequate consistency and complementarity between national budgets and the EU budget. In relation to the countries of the euro area, the ECB must strengthen common monetary policy. In addition, it is necessary to work with national governments on certain common measures in the area of fiscal policy."@en1
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