Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-042-000"

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"Mr President, having been listening to this debate, the speech I am about to make goes against the grain. My first question is this: can a single currency be sustained without a strong European budget? The answer, in my opinion, is no it cannot. The sovereign debt crisis proves exactly that. It proves that if we had a strong budget, there would not have been a speculative attack on the sovereign debts of Greece or Portugal. This is exactly what we must respond to, and I believe that this is the main problem to which Mr Garriga’s report fails to respond. This report lacks ambition. The possibility of a marginal 5% increase in European budgets only seems a lot to Her Majesty, the Queen of England. In fact, the real problem is that it is not possible to establish priorities for growth and job creation with a European budget that is essentially frozen. It is not possible to respond to the new obligations resulting from the Treaties with a budget that is essentially frozen. It is not possible to think that cohesion policy is succeeding, because it is not succeeding when Europe is regressing towards social divergence internally. My final observation is that we will vote for the financial transaction tax but we believe it will only see the light of day if Europe has the courage to implement it independently of others."@en1
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