Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-248-000"

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"en.20110622.18.3-248-000"2
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"The economic crisis and its repercussions have shown us that the EU’s future needs to be built on European rather than domestic solutions. Coming up with a viable solution to the sovereign debt crisis and the need to strengthen the euro, return to a path of sustainable growth and create new jobs depend on efficient coordination between Member States and strengthening the Stability and Growth Pact. In a nutshell, this depends on a strong Europe, a goal also expressed in the motto of the European Council’s Hungarian Presidency. The European economic governance package on the European Parliament’s agenda can create the mechanisms the EU needs for its future, in the way that its architects imagined it. Adopting the economic governance package will entail close coordination, fiscal discipline, economic supervision, effective decision-making rules, powerful European institutions, thereby underpinning the EU’s resurgence. The economic crisis has changed the world irreversibly and there is clearly an increasingly urgent need for a new financial structure in the EU. We are at a turning point. Any weakening of Member States’ ambition to complete the reforms which have been initiated under the strain of the crisis, excessive indulgence, too many exceptions to the commonly accepted rules and a return to a new round of internal protectionism will deal fatal blows."@en1

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