Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-060-000"

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"Mr President, Mr Van Rompuy, Mr Barroso, I should like to begin by saying a few words about currencies. The 19th century was dominated by the pound sterling, the 20th century by the dollar; in the 21st century, we have no idea how currencies will be organised. This was one of the issues tabled by the President of the G20. We have a duty to manage our currency. Traditionally, we had one currency per State. We are experimenting with a currency for a region, a supranational currency. The creation of this economic area of 26 States is good news, Presidents and Heads of State or Government. Hungary has changed its mind, and Denmark is uniting with the euro area even though it was not obliged to do so. This is good news! The United Kingdom is a major European country. We know why it has not joined the euro area: because of its financial services industry, as you said, Mr President. It is also because, in reality, it does not want the financial transaction tax, on which a political consensus is in the process of being reached. The second piece of good news concerns financial stability. All of our great democracies, with the exception of Greece, which is a special case – the conclusions say as much – have changed their government, have taken serious measures in relation to financial governance. We are putting plans in place to ensure the financial stability of our continent. This is good news. I do not believe in such a thing as contagion. We have to consolidate the golden rules and reform our Stability and Growth Pact. There are two issues that have not been resolved. The first is growth. Mr President, I believe the time has come to hold a special European Council in order to examine growth conditions and the terms of a major European investment plan. The second issue concerns the huge disappointment of democrats. Contrary to what was written in Ms Merkel and President Sarkozy’s letter, there has been no mention whatsoever of a parliamentary dimension. The Heads of State or Governments’ failure to add a parliamentary dimension to economic governance is plain wrong! I suggest you do something about it."@en1
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