Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-038-000"
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"en.20110928.3.3-038-000"2
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"Mr President, you have made a very good speech, Mr Barroso. What is important now is putting it into practice, in other words, the follow-up, as Mr Verhofstadt has said, and ensuring that something really happens here. I believe that we agree almost unanimously that we need more Europe in order to be able to overcome this crisis. However, we need the right Europe and for us that means that we want a stability union rather than a debt union. We need to include a ‘debt brake’ in the national constitutions. We still need, and here my opinion differs from that of the Chair of my group, different interest rates, because they act as an economic ‘debt brake’. We also need an organised process for national bankruptcy. We need rules which determine what happens when a country becomes unable to pay its debts, so that we can keep it in the eurozone. That is the crucial point. We need a stability pact with teeth and with automatic sanctions. I would like to say one thing. The plan by the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament and the Group of the Greens/European Free Alliance to vote against this tougher stability pact here today is a continuation of Gerhard Schröder’s policy of 2003, which aimed to destroy the stability culture of Europe."@en1
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