Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-091"
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"en.20101215.5.3-091"2
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"The establishment of a permanent crisis mechanism for the EU to strengthen financial stability is a step in the right direction. Together with stronger and more coordinated economic governance, the permanent crisis mechanism could, and would, guarantee the stability of the euro area. The specific situation in the new Member States should also be kept in mind while establishing this mechanism. These countries should be actively involved in the debate and given the possibility to participate in the mechanism if they are willing to do so. At the same time, Member States should keep their national tax policies. It is important to keep tax competition as a tool to facilitate cohesion and boost EU economic growth. Shifting policies towards tax harmonisation or a common consolidated tax base will only further aggravate the gaps in economic development and hamper cohesion. Member States that create a greater risk by their deficits and debt burden should contribute more to the assets of the crisis mechanism. This would definitely encourage strict fiscal discipline and enhance the added value of having a proper economic and fiscal policy."@en1
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