Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-302-750"

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"en.20120202.31.4-302-750"2
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"The European Parliament rightly disagreed with the choice of the Heads of State or Government to move towards a treaty to strengthen the Union’s economic governance that is under international law and outside EU law. However, important gains have been made as regards greater integration with the ‘six-pack’ and the commitment to apply the Community method in the latest version of the International Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, adopted by the Council on 30 January 2012. We are awaiting rapid and concrete action towards establishing the European Stability Mechanism as a permanent bailout fund with increased financial strength, so as to safeguard the euro’s stability. It is crucial that the commitment to growth and employment succeed, since austerity and budgetary consolidation without economic growth risks being a remedy that will not resolve the ills that we are suffering."@en1

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