Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-076-250"
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"en.20120201.12.3-076-250"2
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"The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union is a much needed step forward. In the current crisis that we are experiencing, fiscal stability is an essential element which we cannot abandon. Clear, precise rules needed to be included in a treaty to guarantee that they would be respected. Of course, it is a shame that the treaty has not received support from all of the Member States. However, we cannot be anything but pleased with the final version which has been adopted. Significant advances have been set out in it, such as formal recognition of the golden rule, reverse qualified majority voting and intervention by the Court of Justice of the European Union. Furthermore, the final text has been made more consistent with European law, and particularly with the six-pack which came into force in December. Finally, we must not forget the difficulty of the European negotiations: managing to reach an agreement on such a text in such a short space of time is a real triumph. The treaty represents, first and foremost, a clear political will: it promotes responsible economic governance."@en1
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