Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-148-000"
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"en.20110706.5.3-148-000"2
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"I would like to begin by expressing my enormous gratitude for what is an absolutely key report. It may mark an historical breakthrough if there is sufficient political will to carry through the recommendations. On the other hand, I do wonder if this impulse to deepen the European project really had to wait for a global crisis. Any measure can be better implemented in more peaceful times. It is often the case, however, that crises create opportunities – and I hope that will be the case here as well. The most urgent issue in today’s situation is to maintain the common currency. In this context, we cannot avoid fundamental reform of the EU budget. It was clear more than three decades ago that currency union requires a larger budget than the EU has at present. The budget needs its own sources, and we must take into account the serious long-term implementation of budgetary policies at EU level. The report, of course, contains a whole series of other key steps which, in the long term, should prevent the occurrence of crises such as the present one. The measures to limit capital flows and the emphasis on support for the real economy are important. In my opinion, the stronger role of the UN is a positive move – the EU can be a valid part of a multilateral world. A common Ministry of Finance, Eurobonds, a European Debt Agency – these are all important proposals. Now more than ever, we need political union and economic integration. We need more Europe."@en1
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