Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-426-812"
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"en.20121120.28.2-426-812"2
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I voted for this report because I believe that the economic and monetary union is an instrument for achieving the objectives of the Union and the Member States, in particular balanced and sustainable growth and a high level of employment. It could be said that last year was a year full of challenges for the European Union. I have in mind the financial and banking crisis that together with the existence of excessive macroeconomic imbalances has affected the socio-economic development of the euro area and of the Union as a whole in a quick, direct and negative way. Between 2008 and mid-2012, the EU-27 unemployment rate has climbed from around 7 % to 10.4 %, or 25 million unemployed and more than one out of five young people is unemployed (22 %), with youth unemployment exceeding 50 % in some Member States. The European Union is at a crossroads and a clear direction needs to be chosen either to combine forces within the Union and to build a future for a strong and value-driven and solidarity-based Union in a globalised world, or to fold back on itself and be forced to passively adapt to globalisation. Even though the answer to the euro crisis is complex, it demands sustained efforts. The need for closer European integration built on the basis of democratic legitimacy, accountability, transparency and citizen’s endorsement is becoming ever clearer."@en1
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