Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-215-000"

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"Mr President, we are clearly in a serious situation that calls for all of us to be responsible. All of us, including the Council. The difference that separates us today from the Council is the issue of reverse qualified majority voting. We all know that the Stability and Growth Pact (SGP) has not worked because the Member States have decided not to punish each other for any violation of budgetary discipline. Perhaps this is because they have read in the Gospel the quote that says, ‘Let he who is without sin cast the first stone’. What this Parliament wants – and this is what distinguishes it from the Council – is to put an end to this joyous camaraderie between governments, and replace a biased referee with an impartial one. The package is good and deserves to be voted through. When times are hardest, no one would ever consider saying that we have to spend more. What we are now doing is restoring budgetary discipline. However, when something is good it is not necessarily enough. The speeches we have heard today have shown several things. We all knew that the eurozone was not an optimum currency area. Everyone thought that the current institutional framework – a centralised monetary policy, a Stability and Growth Pact, and the coordination of the other economic policies – would enable the differences between Member States to be overcome, or at least reduced. That has not been the case. In the good times, their differences only increased; in the bad times, the pillars on which the monetary union was established were left in ruins. The ‘no-bailout’ principle, the ‘no-default’ principle, and now the ‘no-exit’ principle could also be out the window. We now find ourselves in Lenin’s ‘What is to be done?’ situation. The only solution is to move forward on the issue of political union. I welcome the issue of Eurobonds. It is a positive step in that direction, but more needs to be done. If establishing a political union requires reforming the Treaties by convening a convention, so be it. There is a Greek proverb that says, ‘rules are made for man, and not man for rules’. It is not a question of continuing trialogues until three o’clock in the morning or holding ministerial meetings at six o’clock in the morning. From now on let us think about what can be done to remedy this situation. The first step, however, is to vote in favour of this package, which is a good step in the right direction. Otherwise we will be making a futile effort and, as Mr Ortega y Gasset was just saying, futile effort leads to melancholy and – in politics – to opposition."@en1
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