Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-415-000"

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"Mr President, ladies and gentlemen, we stand at a crossroads for the future of the Europe Union. After the many delays that we are guilty of, it has become obvious to everyone that Europe needs real economic governance, which must be particularly stringent for those countries that have adopted the euro. We therefore welcome the creation of a permanent stability mechanism, which we feel is a key point in the construction of genuine economic governance in Europe, even if we continue to nurture legal and political reservations on the procedure adopted, which we think is risky and does not make full use of the instruments provided for by the Treaty. I am delighted to hear that you also share these reservations. In any case, we are now focusing on a different point: how will the new mechanism actually work? Will it contribute to strengthening the economic governance of the European Union or will it be a step towards a new (and inevitably discretional) ‘intergovernmentalism’, which is the direction that was also taken by the unfortunate wording of the Franco-German competitiveness pact? Basically, in what direction is this train setting off? Who will be driving it? Indeed, on the one hand, the proposed amendment to Article 136 sets out an intergovernmental mechanism that is entirely disconnected from the Union and its institutions, while, on the other, we can read in the opinion of the Commission that the mechanism shall have to rely on economic governance exercised by the Union and that the Commission will take all measures to ensure consistency between the stability mechanism and the aforementioned economic governance. We do appreciate these intentions but, since there is no sign of any of this in the proposal to amend Article 136, we think that this is the time to clearly define how this mechanism will work. What procedure will be adopted to put the mechanism in place? What role will the Commission have in its management and in defining the conditions for its application? What will be the composition of the secretariat? What does the Council think about what Mr Barroso has just said on the validity of the current extraordinary solidarity mechanisms? Will there be a role for the European Parliament? I believe that only a rewording of the amendment to Article 136 or, alternatively, a clear declaration from the European Council on these issues, will enable Parliament to adopt an opinion in line with the desired schedule of the European Council."@en1
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