Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-042"

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"en.20101215.5.3-042"2
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"Madam President, what worries the citizens of Europe as much as the financial markets is doubt. Now that Europeans have a united destiny are they capable of facing it in a spirit of solidarity? Today, solidarity is manifesting itself in the depth of the crisis. That is fine, but it is not enough. United in adversity, Europeans must also show that they are acting in solidarity when mapping out the way ahead because, if the crisis affected Europe longer than other continents, it is because our economy had already been weakened by ten years of sluggish growth, just l% per year on average. The ten years of the Lisbon strategy were a lost decade. In Agenda 2020, European leaders came up with a plan to revive our economy, but they did not say how it was going to be financed and controlled or what the incentives or possible sanctions would be. That is why the time has come to supplement the Stability and Growth Pact with a solidarity pact, as has already been said here, in plenary. The word ‘solidarity’ appears 23 times in the Treaty: let us translate the word into action. A procedure for the coordination of fiscal policies is being set up to guarantee stability by preventing deficits. Well, let us broaden its scope, let us coordinate with one another to guarantee future financing. We need to spend less, but spend better, not each one of us alone at home, under the threat of sanctions, but all together. If they want to avoid the worst, Europeans must be united to prepare the best."@en1
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