Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-169-250"
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"en.20111130.16.3-169-250"2
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".
Instead of finally giving a chance to weaker national economies outside the euro area, Brussels is now placing its hopes in a planned economy. Economic and social policy, in other words the key competences of a sovereign state, are now subject to the centralist monitoring of the Commission and the Economic and Financial Affairs Council (Ecofin). National reform programmes have to be presented in Brussels so that ‘anomalies can be identified at an early stage.’ The recommendations of the Council and the Commission are then to be implemented in the second semester. This system will never work. This is not just my opinion – a study by the Group of the Greens/European Free Alliance in the European Parliament comes to the same conclusion: it estimates the efficiency of the recommendations in the last European semester to be non-existent. Why is that? Growth cannot be forced through a centralised planned economy. We need to remedy the mistakes made when the euro area was established and form a hard currency zone. This must be made up of sovereign states with sovereign economic policies."@en1
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