Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-082-750"
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"en.20120704.3.3-082-750"2
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"It must be obvious to everyone that Cyprus is taking over the EU presidency at a particularly difficult time. It is doubly difficult – both for the EU and also for Cyprus. Nicosia recently requested financial assistance to save the banking system in Cyprus. It is yet another euro area country in economic difficulties. Despite the fact that a mechanism was created at the last European Council summit to stabilise the currency union, the threat of bankruptcy in yet more countries is still very real. This is particularly significant, as Cypriot politicians now have the role of mediators in negotiations concerning future multiannual financial frameworks. Even though Nicosia has joined the so-called friends of cohesion group, there may be some concern whether, due to the aid given, it will not be more susceptible to the arguments of net contributor countries. For this reason, I would like to call on Cypriot politicians to play a truly neutral mediation role despite their own internal problems. The future of the European Union will depend on the nature of the 2014-2020 budget. If we allow national interests to dominate our thinking in the European Union, then we will not survive this crisis. It is only by acting together and by investing common funds wisely that we will be able to maintain our present position in the global economy. This responsibility now rests in the hands of politicians from a small Mediterranean island and for this reason we should all wish them luck."@en1
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