Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-090-937"

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"en.20111130.14.3-090-937"2
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"Solidarity among the EU Member States must be accompanied by a sense of responsibility and compliance with the rules, which the States cannot and must not infringe. However, solidarity cannot and must not be one-sided: being part of a Union with shared ideals and values means committing oneself to growth and development and supporting each other even in times of trouble. I ask myself and I ask you, therefore, how fiscal and budgetary discipline, how oversight by the institutions, can be correlated with growth and development. In this context, we can and must introduce the system of Eurobonds. The European economy cannot be kick-started without the strength of the euro being used at the same time. Eurobonds act as a link between budgetary rigour and continent-wide development; they are the ultimate objective of that interdependence that today characterises European coexistence, strict fiscal discipline notwithstanding. We have a European Union with uncertain operational capacity and a huge democratic deficit rather than the strength of a structure in which the States’ responsibilities, as those of a federal entity, are clearly identified. A shift from the European Union to the United States of Europe is required."@en1

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