Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-228-000"

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"The vote on the economic governance package, and especially on the Wortmann-Cool report, is an important although late step in addressing the crisis of the eurozone. It is fortunate that the Council has given in on a few critical points that will strengthen the Stability and Growth Pact, of which the repeated violations have led to the current deadlock. The Stability and Growth Pact will be a means of preventing characterised overspending. However, it will only be applied once we have come out of the systemic euro crisis. The current situation demands urgent solutions, which the institutions have a duty to implement quickly. Given what is at stake, I regret the deplorable attitude of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, which has immured itself in futile opposition instead of joining the strongly pro-Europeans in order to strengthen the Stability and Growth Pact. One hour after the Chairman of the S&D Group, Mr Schulz, said that resolving the crisis required stronger Community institutions, by saving the Community method, his group chose politicking by rejecting the agreement on economic governance. Ill-advised, the S&D Group did itself the worst disservice possible at this time."@en1

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