Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-22-Speech-1-038"

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"Mr President, Commissioner, first of all, I join the chorus of praise for our rapporteur, who I think has outlined the issue very clearly. In his report, he stresses the innovations afforded by the Treaty of Lisbon, and I really want to thank you, Mr Trichet, for having once again this evening reminded those of us who seem to be unaware of the fact – including, incidentally, those who signed it and had it ratified – that the Treaty of Lisbon includes a major innovation: we are going to be able to debate publicly, in this Chamber, the reform of the Stability Pact. Under Mr Rehn, the Commission has drawn up a set of proposals that are on the right track and are rather courageous, especially in calling for discipline to be strengthened by taking account of the macro-economic imbalances that Mr Balz had, in fact, mentioned in his report. What is more, you refer several times, Mr Trichet, to a ‘quantum leap’, in other words, a real step forward in this governance. I agree entirely with what Mr Gauzès said; when one goes out into the field, one almost wonders whether the proposals put forward by the Commission in September are completely relevant, whether account ought not to be taken of the crisis that is currently occurring in order to allow for as much progress as possible to be made. I would like to point out here that those who designed the euro never thought that we would simply coordinate economic policies in the long term. What was envisaged was political union, namely, an ability to take decisions while being supervised by Parliament. For my part, what I find rather striking, when we speak to the citizens, is that we ultimately have motorists – the Member States – who are, at the same time, behind the wheel and by the side of the road acting as policemen. That is rather how the current system works; in other words, we are, at the same time, the driver, the person who issues fines and the person who is supposed to supervise the other cars. I do not think that there is a single country with road traffic like that. We would therefore like to raise the cost of fines a little and we shall work towards that. Thank you for having reminded us that we have already done so in practice with regard to the reform of financial supervision, in the general European interest."@en1
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