Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-070-000"

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"en.20120612.5.2-070-000"2
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"Mr President, the ‘two-pack’ applies to France, as it does to most countries in the euro area. France, however, has just issued its latest government bonds at historically low rates. It has to get its economy growing again so as to reduce its deficits and continue to benefit from such rates. To that end, Ms Ferreira raises the possibility of proactive investment policies by proposing, like Mario Monti, to change the way deficits are calculated so as to distinguish the role of public investment. She also supports the creation of eurobonds, which are needed to curb speculation. Since the future of the euro is at stake, the conservatives would be taking on a serious responsibility if they rejected the amendments and compromises, including these two proposals. As for the Gauzès report, by generalising the reversed qualified majority principle, it places all the power in the hands of the Commission, whose recommendations are particularly controversial not only in Greece but also in France and elsewhere. The democratic debate should not be closed. Parliament should have the right to veto the Commission’s decisions."@en1
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