Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-134-000"

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"en.20120118.18.3-134-000"2
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"Mr President, at the most recent summit on the crisis in the monetary union, the Heads of State or Government obviously agreed that the crisis represented an opportunity to turn the monetary union into what was allegedly intended by the founders of the euro when they introduced the common currency, in other words, a fiscal and economic union. However, the precursor to this, the European semester, which involves Brussels monitoring the national budgets, is likely to degenerate very quickly into what is simply a bureaucratic method of planning that lacks any real content and merely pays lip service to the idea. In the light of the current crisis, it may be necessary to put in place strong leadership in Europe. However, this must not result in the Germans and the French taking control. It is important that we comply with the EU Treaties. This means in particular that we must also protect the rights of the smaller Member States. They must not be crushed by the centralist juggernaut in Brussels and they must not be pushed to the wall by the large Member States in the EU. Instead of constantly transferring authority to Brussels and moving ahead with EU centralisation, which has itself contributed to the debt crisis, we must finally learn the right lessons from the crisis. Instead of more centralisation and more centralism, we need to return to an association of states with equal rights which can follow their own economic and budgetary policies. We must take a new approach and this is why we may have to put on the agenda the division of the euro area and the establishment of a core hard monetary union. Otherwise, we undoubtedly run the risk of the healthy national economies in the euro area being affected by the debt crisis."@en1
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