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 Index 
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Debates
Wednesday, 28 September 2011 - Strasbourg Revised edition

State of the Union (debate)
MPphoto
 
 

  Ivo Belet (PPE), in writing. (NL) With this package of radical measures (the ‘six pack’), we are laying the groundwork for a strong European economic policy and creating a defence against potential financial crises in the future. We are laying the foundations for a healthy and strong single currency. These are the measures that will enable us and Europe to emerge stronger from the crisis. It is essential that the European Commission is put in the driving seat here, because that will enable it to ensure that governments respect these measures without fail and that Member States which go off the road are taken to task. On the basis of these clear rules, we now need to take further steps in order to kick the European economy into a higher gear. Eurobonds and project bonds, which President Barroso has announced here today, could play a vital role in this respect. Introduction of a financial transaction tax (FTT) is another important step forward. Europe is taking the lead with this and creating a very important instrument (EUR 55 billion of revenue per year) in order to bolster the economy and promote jobs. At the same time, the introduction of a FTT would send out a strong political signal to European citizens. With the FTT, Europe will be making it clear that financial institutions must themselves make a substantial contribution in times of severe financial and economic turmoil.

 
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