Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-162-000"
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"en.20111130.16.3-162-000"2
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"Mr President, ladies and gentlemen, the European Parliament is staying on the ball with this report. With the implementation of the six-pack, we have taken a major step forward and codified the European semester. Nevertheless, the European semester remains an interim solution, an emergency solution, because, when the euro was introduced, we failed to create the necessary economic and social union and political union. We need to set up a convention quickly to prepare the economic and social union, because we have not only failed to comply with the Stability and Growth Pact, we have also undermined it. The European semester is an emergency solution because the Commission lacks many of political instruments necessary to enable it to be an effective agency for economic governance. Let us ensure that infringements of the Stability and Growth Pact and the European goals can be brought before the Court of Justice of the European Union. Let us also ensure that the ‘debt brakes’ in the Member States can be accompanied by the veto right of an independent sovereign debt committee."@en1
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