Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-161-625"

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"en.20120118.19.3-161-625"2
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"I abstained from voting for this motion for a resolution, as I do not share all the arguments it puts forward. I find it inappropriate to criticise the efforts made by the German Chancellor and the French President to achieve genuine economic governance through an agreement that will lead to the rapid adoption of some courageous measures. Instead, we should welcome the fact that a political will is emerging within the countries of the euro area to go further and faster to integrate their economies and to put the Stability and Growth Pact into practice. We should nonetheless take care not to create a two-track legal system, and to make sure we bring on board the States that have not yet adopted the euro. Lastly, we must match this budgetary stability policy with a strong policy for sustainable growth and employment, to ensure that we do not get stuck in a downward spiral of recession. The Structural Funds will be a vital instrument from this point of view."@en1

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