Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-398"

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"I have been listening to the debate here this afternoon and thinking that some very serious words have been spoken. The first were uttered by President Barroso, when he said that ‘we are willing to do whatever it takes to protect the euro’. The second ones were spoken by one of you, who said that ‘a firmer or closer European Union could defend financial stability’. Here lies the essence of the entire debate on financial architecture and the supervision of financial architecture. We have currency union. Currency union cannot be separated – even according to the science of economics – from fiscal union, and the latter cannot exist without political union. The citizens sitting here and watching us may quite rightly ask: ‘So what is your solution?’ We will say to them: ‘We want to create political union, but because we have now gone through the catharsis of the Treaty of Lisbon, we need to do something without you. We need to do something without giving you a say.’ In my opinion, that is the wrong approach."@en1
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