Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-014-000"
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"en.20121120.3.2-014-000"2
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".
Mr President, ladies and gentlemen, the euro area is again entering recession. The exit strategy advocated by the Council and the Commission until last June has plunged us into crisis. Euroscepticism is gaining ground.
In this context, the Van Rompuy report, which must define the next stage of economic and monetary union, has particular significance. Sadly, the Council has refused to involve Parliament fully in drafting this roadmap. Ms Thyssen’s report is therefore the opportunity for Parliament to invite itself to the debate in order to send a strong message.
I salute the remarkable work done by Ms Thyssen, who has demonstrated the sort of constructive attitude that shows our fellow citizens that Parliamentary debate has a point. The point of this debate is to take stock of the levers so desperately lacking for the functioning of economic and monetary union.
Firstly, an integrated banking union is needed to control the banks, guarantee deposits and resolve crises without taxpayers again having to foot the bill.
Secondly, a budgetary union is needed, within which the serious budgetary approach of Member States is matched by support for sustainable development on a European scale. This union must be given a budgetary capacity fuelled by new own resources, allocation of which must be debated within the framework of the Union method, this being the only way to guarantee solidarity among the 27 Member States.
Thirdly, a genuine democratic leap is needed, without which transfers of sovereignty will continue to be seen by our fellow citizens as so many powers commandeered by bureaucrats. Parliament, as the main agent of representative democracy, must therefore play a part at each stage of the European Semester. Parliament must be involved in the functioning of the European stability mechanism. Parliament must be able to monitor the troika, particularly when the International Monetary Fund itself declares that the troika has made a serious error.
Last but not least, a social – fifth – pillar is needed to guarantee wage standards, preventing structural reforms from causing a recessionary spiral. A social pillar to prevent budgetary discipline from reducing the quality of public services and social protection. A social pillar to encourage integration of young people into the labour market and access to housing for all. A social pillar to reassure our fellow citizens, for whom Europe is synonymous with saving the banks on the one hand, but worsening most people’s circumstances on the other.
That is the strong mandate that Parliament must give its President on the eve of the November and December Council meetings. The Council will hear this message even more clearly if tomorrow it receives – thanks to you, ladies and gentlemen– the largest possible majority."@en1
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