Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-064-000"

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"Mr President, as has already been said, it is clear that for a variety of reasons, some similar, some different, but in all cases exacerbated by the crisis, national budgets are struggling. In each of our countries, no matter what majority is in government, the budgetary situation needs to be addressed. We have two options. One is to all act alone, trying to reconcile spending and income, in some cases, according to what I have heard, worshiping austerity as an ends in its own right, making swingeing cuts to public spending and social benefits, thereby exacerbating the situation for citizens. I would plead in favour of the second option, namely pooling our budgetary efforts, making budgetary solidarity work, playing the own resources card, not least through a tax on financial transactions. That is the purpose of the budgetary complementarity that we want to achieve through this convention-style conference, a proposal that we made to the Council during the conciliation procedure and that we have reiterated in this report. We need to work together – the European Union, national parliaments and governments – to find a way of pooling our spending and budgetary approaches. We cannot have our cake and eat it: we cannot make cuts and, at the same time, invest in infrastructure. It is not possible to contribute less but receive more. I think that this convention-style model of dialogue between governments, the European Union, national parliaments and the European Parliament is the right way to rebuild confidence in Europe, both now and in the longer term."@en1
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