Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-103-000"
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"en.20110309.7.3-103-000"2
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"Mr President, from a legal perspective, the amendment to the agreement is essential for the introduction of a fixed Eurobond. It is also undoubtedly necessary to introduce a euro area stability mechanism.
A mutual assistance mechanism, if properly set up, can bind the Union together and lead to greater integration and solidarity between Member States. However, we should definitely not stop there. If the mechanism is to be significant, coordination must be improved in the economic area, but also in the area of social policies.
At the same time, I consider the intention to establish a stability mechanism outside the system of European institutions to be a bad signal. The intergovernmental or even private-law nature of the proposed mechanism may put the European integration project back several years.
I would therefore like to call not only on the Commission, but especially on Member State representatives, to abandon such ideas. If we are to exploit the crisis at least in some positive way, then we must see it as a chance to mobilise and not to split apart. The establishment and operation of a permanent stability mechanism should happen in the closest possible connection with the framework of the EU, and should involve the institutional procedures of enhanced cooperation.
I would like to end by expressing the hope that only the good signals from the submitted proposal will come to fruition."@en1
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