Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-442-000"
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"en.20120214.21.2-442-000"2
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"Mr President, Ms Kroes, in your speech on behalf of the Commission you said: ‘Eurobonds without fiscal consolidation will not work’. You are quite right. However, what we have today is fiscal consolidation without Eurobonds. What we are proposing here in Parliament is a balance between the two. The package you are proposing today is unbalanced.
These are not our words. Listen to the rating agencies. When Standard & Poor’s downgraded France a few weeks ago, what it was saying was: ‘Austerity alone does not work’. You do not have to believe me, you do not have to believe the left here in the European Parliament, but you can believe the rating agencies, if you listen more closely to them.
The challenge is to put in place today a roadmap because we do not underestimate the legal challenges and technical complexities. It is precisely because it is complicated, however, that we need to start immediately in order to send a message and prepare for the battle as quickly as possible. Over and above the technical and legal issues, there is also the political dimension.
In Europe today do we want to do what the United States did 220 years ago, which was to pool, gradually, its public debt as a sign of solidarity and a reflection of a political will to create a political union? I believe that a majority of this House would wish to move in that direction. Surprise us in the European Commission! For once, be truly European and ambitious!"@en1
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