Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-066-000"

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"Mr President, we are engaging today in another interesting evaluation of the outcome of the last European Council, knowing that our assessment is of little importance, that it counts for little. What counts more, because we have allowed it to count, is the assessment made by the markets and that assessment, as movements on the stock exchanges and bond markets yesterday and today have illustrated, was negative and paradoxically – not to put all the blame on the markets and deny our political responsibilities – it was negative because, as yesterday’s report by one of the three credit rating agencies tellingly put it, the decisions adopted by the European Council do not respond to or deal with the immediate risk of economic slowdown and the problems in the banking system. Therefore, we are debating and planning the future of the euro area, but are still unable to manage the present and that is due in large measure to the fact that every Community decision-making procedure has been circumvented. It is due to the fact that two countries are taking decisions for 27 or for 17 countries and are flagrantly ignoring the European institutions."@en1
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