Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-033-000"
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"en.20111213.5.2-033-000"2
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"Mr President, the conclusions of the European Council were not what we were expecting, given that the Treaty of Lisbon does, in fact, provide the elements and possible coverage to put forward credible solutions.
We had called for Eurobonds and a financial transaction tax, an increase in the bail-out fund and a review of the role of the European Central Bank. As you yourselves have said this morning, however, nothing was decided on any of those points.
The Council’s response was budget discipline to curb the erosion of financial resources, but without investing in growth. This was a meagre outcome based on an agreement among 26 countries, reached after a tortuous procedure, which we have always rejected.
Mr President, Mr Van Rompuy, Mr Barroso, by excluding the Commission and the European Parliament, the Council chose to add a democracy deficit to the budget deficit.
We have a two-speed Europe, Mr President: the Europe of the Member States and the Europe of the people. Parliament supports the Europe of the people, and I call on President Barroso to have the Commission side with us."@en1
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