Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-301-750"

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"en.20110928.19.3-301-750"2
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". The EU’s current Stability and Growth Pact, if complied with, would have sufficed very well, and would still do so. I do not believe the situation will improve by evolving new rules, while the previous ones have been ignored. The ‘six pack’ is associated with a penalty mechanism, to make obeying the rules a more attractive option in the future. If a penalty is imposed, it will make the position of the country in crisis even worse. If it is not, the section on penalties will become a dead letter. Even if these new rules were to have a phenomenal impact, they come too late. The ‘six pack’ speaks about the prevention of over-indebtedness at an early stage, but the ‘prevention’ of the crises in the countries concerned is already years too late. The other Member States appreciate, from the examples that they have witnessed, just what sort of threat this is, and are doing all they can to avoid bankruptcy, without any increase in the EU’s powers. These rules will not help avert the present crisis, because it is already at its worst. The ‘six pack’ is a major step towards an EU Federation. The image that Finland might now be overseeing and controlling Greece, for example, is the wrong one. In reality, the European Commission will be controlling Finland and the other Member States. We will not acquire more rights: on the contrary, we will have new responsibilities. Finland’s subservience to the EU will be made official, even in economic policy. The centralisation of control and new powers in the Commission is the worst thing that can happen for democracy. The European Parliament too will have to watch the situation, mainly during the processes that determine the ‘six pack’, and discuss it with the Commission and the Council. From here on, democracy will have to examine its options concerning bureaucratic power. This will be a major victory for bureaucracy over democracy."@en1

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