Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-130-000"

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"Mr President, firstly I should like to thank my three fellow Members who included me in the discussion group in the spirit of solidarity, as was decided by the chairs of the parliamentary groups. I should like to say two things about this treaty. Firstly, it is completely useless. We do not need this treaty. This is not a treaty; it is an intergovernmental agreement which is only there, according to those who invented it, to reassure the markets by demanding the integration into national constitutions of what is called the debt brake or the golden rule into national legislation. All of the markets tell us that they are not interested anyway. We are therefore in the middle of establishing an intergovernmental agreement which does not interest the markets today because they want a policy design of the European economy for tomorrow. This treaty will not guarantee this policy design. We are asking the Member States who sign this treaty to say, for example, that we need a road map for the Commission on a tax on financial transactions. We are asking for a road map on redemption funds, on Eurobonds. We will not have this in the treaty. In the opinion of our group, with this agreement – you see, I always say ‘treaty’ although it is an agreement –, we are wasting time by trying to improve something which is useless anyway. We are intelligent, we will improve it, but this is not the necessary response to the financial and economic crisis that Europe is currently experiencing. Parliament needs to be clear. If it does not take legislative initiatives to ask that what needs to be done is done, it will not itself be doing what must be done to avert the crisis today."@en1
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