Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-051-000"

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"Mr President, Ms Vestager, Commissioner, it is a pity that Mr Karas is no longer in the chair as this morning’s debate reminds me of a certain characteristic of the Austrian sense of humour. The Austrian author, Paul Watzlawick, said: ’, which means: the situation is desperate, but it is not serious’. I get the impression that the general approach here entails talking about how desperate the situation is but, at the same time, not taking seriously the need for immediate measures. Once again, I would like to praise the Commission for its efforts and its willingness to improve the proposed legislation, and our rapporteurs for the work they have done on improving them. I myself was a supporter of the ‘six-pack’ and therefore agree completely that we should be moving in the direction of discipline and structural reform. However, we believe that what is needed now is urgent reform and crisis management. That is why we believe that the most important point in both these pieces of legislation is the proposal for a redemption fund. The name is odd, but the point is that we need a fund that would reduce the pressure, as I have said before and will say again, especially to certain of my fellow Members, on countries that are implementing structural reforms, reforming their budgetary discipline and still having to cope with interest rates that are becoming unsustainable. Discipline is based on the markets. It can only work if the markets themselves reflect the real situation. At present, however, there is an unhealthy, untenable discrepancy between some countries that, in my opinion, are being unjustly punished, and others that are probably being unjustly favoured. The cohesion of the Union between European countries is at stake. That is why I call on all Members to vote in favour of the redemption fund."@en1
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