Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-056-000"

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"Mr President, Mr Tusk, ladies and gentlemen, I, too, regret that it has not been possible for the three European institutions to complete negotiations on the economic governance package. It is a regulatory package which could fill an extremely important gap in the way the Union currently operates. Its absence strengthens the forces of risk and the forces of speculation in European markets, and in situations such as we have with Greece, its absence makes us aware of how urgent it is that work on this legislation be completed. Agreement on this is needed, too, for the health of the European economy and the perspective of its growth in the long term, as well as for a return to normal market conditions of a lower degree of uncertainty, which will favour the investment which is so much needed in Europe. Finally, good structures of economic governance are also an essential condition for further enlargement of the euro area. Without agreement on this, we will hinder convergence processes and weaken perspectives for the accession of new Member States, and we must not allow this. Therefore, Mr Tusk, we are counting greatly on the work of Poland’s superb Minister for Finance, but also on your own personal involvement, in finding a compromise. This is a case when time is against us."@en1
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