Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-055-000"
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"en.20121120.3.2-055-000"2
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"Mr President, once again the Union finds itself at a crossroads and this time we have a choice between two paths. One way to go is a more loosely integrated framework for the 28 Member States, the second path will take us to a multi-tiered Union with a stronger, deeply reformed, euro area core. Recent policy reforms have aligned us closer to the second path. There are, however, risks that come with this multi-tiered approach potentially leading to a more fragmented single market, but also repatriation of some policies back to national level and a weaker role for the Union in the global world.
An EU dominated by a strong core and a large periphery might give policymakers less firepower for a sound global position for Europe as a whole. The question of whether a single voice in international institutions for the core only will be the best solution might emerge. As this multi-tiered Europe becomes a reality, we should be alert concerning potential risks. We need to minimise unwanted spillovers to the greatest extent possible, and the core may be strong enough to provide the necessary impetus for this, but on the flipside it might not be sufficiently powerful to keep the EU together.
Let me conclude by saying that I admire the efforts of Marianne Thyssen to keep us together and, at the end of the day, which scenario will materialise depends on the way we design and manage this ensuing multi-tiered structure. That is why our work is so important."@en1
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