Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-168-000"

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"en.20120613.24.3-168-000"2
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"Madam President, ladies and gentlemen, this legislative proposal gives rise to confusion because it would give the Commission greater powers of control over the fiscal policy of euro area countries, but with no greater democratic control in return. Greater powers mean states have less sovereignty and this is all very well, but not if control is not transferred to Parliament. The democratic deficit will increase if Parliament does not have a stronger role. The second reason for confusion is the budget cuts and the rigid austerity policy imposed by the executive, with no investment proposals designed to create growth and development except for the amendments which luckily were passed in this Chamber. We have established that up to now, the policy has been disastrous: tax increases, reduced consumption, increased unemployment, collapse of businesses, young people out of work, and so on. It would be irrational and harmful to continue in this direction. Consider the Delors White Paper of 1993: 19 years have passed since then and we are worse off than before."@en1
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