Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-076-000"
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"en.20110914.3.3-076-000"2
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"We are debating the economic crisis at a time when the financial markets are threatening to destroy the welfare of 500 million EU citizens. As a solution to the crisis, the Presidency and the Commission are calling for the six-pack to be approved, but this is a quick fix. The six-pack does not answer the question of how we can develop a socioeconomic policy which will generate sustainable prosperity for all Europeans in the long term. It speaks only in terms of monitoring and punishment and, yet, remains silent as the grave about investment in education, human capital, innovation and infrastructure. Obviously, there can be no solidarity without budgetary responsibility. However, making the patient better means that you have to cut away any excess fat without removing any muscle and sometimes you even have to administer more oxygen.
I am pleased that the Commission will finally come up with specific proposals for introducing Eurobonds, but I fear that this might actually be too little too late. Such a show of European solidarity should obviously be accompanied by a stricter European control of the budgets. However, it is not just spending that needs to be better managed: that applies to revenue, as well. We are in favour of fair revenues, a European corporation tax and a financial transaction tax."@en1
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