Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-600"

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"en.20100921.21.2-600"2
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"Madam President, ladies and gentlemen, the amending budget we are discussing today and will be voting on in the coming days is an important document. It marks the last step for implementation of the European financial stabilisation mechanism, which was sorely needed in May to calm the severe storm that hit the euro and, therefore, the EU. One certainty came out of that storm: there are no individual Member State problems any more, because the individual problems inevitably become the problems of them all, and so a common response is required. Europe has found the courage and the strength to provide this common response that we are, in fact, discussing here today. This new budget line marks a clear boundary. It is the first step towards a new common approach to the financial policies and also, in the future, to the economic policies of Member States with regard to the European budget. It is the first step towards that integrated semester in which the budget decisions of the individual Member States and the EU budget will be compared more closely. The budget is therefore once again an instrument – which has always been the fundamental implementation of EU policies – that is taking centre stage and proving to be a fundamental vehicle for building Europe after the Treaty of Lisbon as well. Above all, it draws our attention to the importance of sound and responsible management of public resources as a prerequisite for real development and for a future of real European growth."@en1
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