Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-120-000"
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"en.20110706.3.3-120-000"2
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"Mr President, I shall begin by congratulating the rapporteur and everyone who contributed to the success of this report. There is no doubt that this report constitutes, and will constitute, a benchmark for robust and coordinated recommendations and responses to the challenges of the crisis. If we can draw one conclusion, it is that the crisis we are experiencing will only be overcome by deepening European integration.
At a time of severe financial, economic and social difficulties, and of painful austerity measures in some Member States, such as my country, Portugal, the temptation is to shelter behind a protectionist and nationalist attitude. However, this is a mistake. The European response to the crisis involves genuine European economic governance that pursues sustainable growth, promotes job creation and develops the social market economy, providing long-term responses with established objectives with which the Member States agree.
The strategy for escaping the crisis needs to be financed with a Union budget that is sufficiently ambitious. In order to prevent another sovereign debt and euro crisis, there is a need for closer coordination on budgetary policy, as well as for the creation of a system for issuing public debt securities and Eurobonds.
I will conclude by stressing that there is also a need to maintain levels of social protection in these difficult times, above all, for the most vulnerable Europeans."@en1
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