Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-059-000"
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"en.20110914.3.3-059-000"2
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"Mr President, honourable Members, firstly I would like to say I am fully convinced that this week all sides – the Commission, Parliament and the Council – will show the necessary sense of realism and that we will reach a compromise over the six-pack on which we are now working. As both Mr Barroso and Mr Rehn said, this is something specific which we now have to do.
I would also like to make brief reference to what was said by Mr Bokros, whom I esteem highly as I know he is a former minister of finance. It is obvious that finance ministers have to do their job, but to do this they need time, because economies, too, have to have the opportunity to adjust to the steps we take. Today, however, in the short time horizon, we are seeing panic in the treasury markets of some countries. The European Central Bank cannot allow any of these countries to become insolvent, because this would lead to the complete collapse of the banking system of the entire euro area and the entire European Union. We know, too, that we would not then have any monetary policy at all, just monetary chaos. Therefore I think the measures taken by the European Central Bank were most certainly justified, appropriate, necessary and courageous.
Mr Schulz has comforted me by saying that everything will be alright. I must admit that in our part of Europe, history – including the worst periods of history – is perhaps a little more recent than the history of Western Europe. For us, the end of history was a great liberation. I appeal to the whole House: we must not allow history, in the bad sense of those words, to return. It is clear we have to save Europe. If we do not do so, who will? If we do not do so now, when will we? I would like to address my final words to Mr Farage. He said he has the impression he is attending a funeral but does not know whose. I will answer him in English: Do not ask for whom the bell tolls, it tolls for you."@en1
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