Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-017-000"

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". Mr President, ladies and gentlemen, none of the so-called crisis summits have produced solutions to the debt crisis and to the uncontrolled speculation. State aid is still being given to the banks and austerity measures are hitting the poorest people and the middle class hardest, particularly in the debt crisis countries, but also in Germany. This weakens overall economic demand, investment and social cohesion within the European Union. Despite many announcements, we have not succeeded in putting in place comprehensive regulations governing the financial markets. The citizens of Europe and the markets themselves obviously have doubts about the economic competence and the ability to act of those in power and of the EU institutions. I must make it clear right from the beginning that none of this pleases me. I agree with those Members who proposed that the EU constitution, the Treaty of Lisbon, should be revised. Before the treaty came into force, my group had already pointed out that it does not meet the current social, democratic and economic requirements and challenges. Please allow me to make a brief remark about the EU budget for 2012 and the medium-term financial plan, which we will soon be discussing. The more cuts we make, the less funding will be available for cohesion and structural policy, for supporting cultural institutions and for exchange programmes in the fields of education and research. However, it is precisely these policies which represent the added value offered by the EU, which allow the citizens of Europe to experience the EU at first hand and which represent the first moves towards a social union. In my opinion, anyone who calls this into question is putting the idea of the European Union at risk."@en1
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