Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-074-000"

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"On Monday, after long and difficult negotiations, it was possible to reach agreement over the fiscal compact, which was officially named the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. Although as is often the case in difficult negotiations the agreement is not ideal and does not fully satisfy all the parties, it has however achieved the support of 25 of the European Union’s Member States. This is without doubt an expression of the conviction that Europe does not need disputes, but quite the contrary needs swift and decisive action. One of the key elements of the negotiations was the question of the participation in Eurosummit meetings by countries which are not part of the euro area. Although the provision which was negotiated introduces certain restrictions in access to these meetings, it was possible, thanks to the enormous determination of the countries from outside the euro area, to defend the institutional system of the EU and not cause a violation of the Community principle. The representatives of the EU institutions – Mr Barroso, Mr Schulz and Mr Van Rompuy – also rose to the task and unanimously defended the unity of the Union. The reaching of this agreement does not however end discussion on the form of the Union or on the position in the new structure of countries which are not part of the euro area. We now face the very important task of the proper application of the provisions of the compact in practice. Particularly important for us will be how Article 12 of the agreement will be implemented, and, therefore, if the voice of the countries which have signed the compact but which are not part of the euro area will in fact be heard during Eurosummit meetings."@en1

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