Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-217-500"
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"en.20110928.19.3-217-500"2
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"Adopting the package featuring the six regulatory acts on economic governance will plug a legislative gap in the functioning of the European Union. The current budget deficit crisis has highlighted that the EU cannot function properly only on the basis of trust. In fact, solidarity without any supervision and control mechanisms can destroy the trust of citizens in some Member States in European integration.
The balance struck between the financial adjustment mechanisms and social aspects ought to have resulted in all the political groups voting in favour. However, this did not happen, with the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament abstaining or voting against some of articles, after they tried to send back the laws to the specialist parliamentary committee (Committee on Economic and Monetary Affairs). However, the compromise made by the Group of the European People’s Party (Christian Democrats), the Group of the Alliance of Liberals and Democrats for Europe and the European Conservatives and Reformists Group prevailed and enabled the package to be referred and adopted in plenary.
I would like this package and the mechanisms provided in it to work so that no one can ever say again, in future, that they did not have the proper instruments available to stop a Member State taking the wrong path. It goes without saying that the legislative package addresses future challenges, with the EU still trying to find or apply a solution for the current crisis."@en1
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