Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-046-000"
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"en.20120201.12.3-046-000"2
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"Mr President, I am not going to give in to politicking – I want to assure Mr Reul of that – because I believe that this treaty is setting us up for failure and I deeply regret it.
I regret it because it is inefficient in its response to the market in the face of the crisis as it does not rebuild confidence. We have seen the problems Greece and Portugal have had in the same period. We are seeing two countries, who are the greatest contributors to our budget, France and Germany, whose growth rates have been halved. We understand that it is the wording of this treaty which, normally, should have served to settle things and reassure everyone, including the people. In reality, it is the action of the ECB which has had a positive effect, by making over EUR 500 billion of liquidities available to the banks.
However, in Parliament, we must realise that we have to be consistent. We are elected by our voters; and our voters are the retired people who are in debt, the workers who marched through the streets of Brussels, the unemployed people waiting for work, and the young people who want to have a future. We cannot content ourselves with criticising a treaty which is based solely on fiscal discipline, on penalties, and which, even worse, introduces government by the judiciary to the detriment of the sovereignty of national parliaments. We, the Members of the European Parliament, should rise up against this outcome and put forward proposals.
I, for one, have proposals that I should like to put forward. This is not simply about criticising. I believe, Mr President, that what we can propose today for Europe is a virtuous circle, a European pact of responsibility, governance and growth. This treaty must be renegotiated, on a basis which allows for true coordination of economic policies, including industrial projects to provide work for our factories and our workers, projects in the fields of energy and the environment, the creation of Eurobonds, which have regrettably been forgotten about or crossed off the agenda, and financial regulation. We need justice, we need solidarity. That is what we must defend in Parliament."@en1
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