Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-071-750"
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"en.20110914.3.3-071-750"2
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"The interconnection of our economies and the domino effect of the crisis show that the logic of nationalism brings no benefits; in fact, it causes serious harm. Solidarity among the countries of the EU must be accompanied by a sense of responsibility and compliance with the rules, which the States cannot and must not infringe. However, solidarity cannot and must not be one-sided: being part of a Union with shared ideals and values means committing oneself to growth and development and supporting each other even in times of trouble. We are promoting the concept of a social market economy, but one in which the emphasis is mostly on the market, with the social aspect overlooked. We have weakened the Stability and Growth Pact. This was a mistake, and we are paying the price for it. We need to go back to having rules on budgetary discipline, and procedures must be automatic. It is a good idea for the constitutions to include the principle of balanced budgets, but it should be achieved by combining rigour and consolidation of public finances with growth. I say this because, if we do constrain our public budgets with very strict rules, we should also introduce measures to ensure growth. Otherwise, Europe as a whole will not survive in a global context."@en1
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