Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-397-125"
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"en.20120704.25.3-397-125"2
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"We Swedish Social Democrats chose to abstain in the vote on the resolution on last week’s summit, because the text of the resolution contains both positive and negative elements.
On the one hand, we have a positive view of the change to the way the European crisis is being dealt with that took place at the summit. The counterproductive austerity policy was definitively replaced by a more balanced political line, combining budgetary discipline with an offensive strategy for growth and jobs – something that we demanded very strongly. The new growth pact in particular – with the capital injection by the European Investment Bank, the redistribution of remaining structural fund resources and the pilot phase of the project bonds – is an important step in the right direction. The new political course will now create opportunities to develop a long-term, sustainable solution to the crisis.
On the other hand, we object to the passages concerning Mr Van Rompuy’s report on the Economic and Monetary Union that was discussed during the summit. A number of the reforms that are identified in the report could be valuable in the efforts of the euro area Member States to support the common currency, but some of the other reforms are dubious. Neither do we believe that approval of a new long-term budget should be made conditional upon a reform of the system of own resources."@en1
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