Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-075-000"
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"en.20111116.5.3-075-000"2
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"Only together can we overcome the intensifying crisis of the euro area. We need steps that serve the deepening of integration while more efficiently utilising Community tools and methods. The markets reject belated and slow half-measures and separate deals. The intensifying debt crisis makes it clear that only quick, commonly adopted and implemented decisions and credible measures taken by Community institutions invested with extended powers can keep the euro area, and consequently the European Union, from falling apart. I agree with those who believe that the strengthening of European economic governance and the deepening of political integration is needed for the EU to break free from this crisis, which is reaching an extent not seen since World War II. The crisis, which threatens the existence of the Monetary Union, can be felt throughout Europe. It is for this reason that Member States that are not members of the euro area are urging countries using the common currency to engage in closer cooperation. At the same time we reject the intention to create a two- or multi-gear Europe, as well as intergovernmental solutions. What we need now is openness and the consideration and reconciliation of the interests of all Member States. The European Parliament must have full say in decisions that concern the basis of the future of integration. A commonly governed Community deciding on closer integration needs a budget reflecting its ambitions, and a strong cohesion policy."@en1
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