Jean-Paul Gauzès: There is an urgent need to implement economic governance
29 Aug 2011
"The Economic Governance Package, currently before the Council and the European Parliament, needs to be finalised as soon as possible", said Corien Wortmann-Kool MEP, Rapporteur, and Jean-Paul Gauzès MEP, EPP Group Coordinator in the Economic and Monetary Affairs Committee of the European Parliament, in reaction to today's meeting in Parliament with Jean-Claude Trichet, President of the European Central Bank (ECB).
Mr Trichet reacted very positively to this statement and said that the ECB strongly supports Parliament's position.
Corien Wortmann-Kool and Jean-Paul Gauzès continued: "The recent Franco-German proposals for a European economic government are a move in the right direction, but cannot replace the legislative governance package which can assure responsible economic and budgetary policies for which effective decision-making procedures, based on the Community method, are needed. We must not turn to an economic government run by Member States."
"To date, we have witnessed a drop in European economic growth because the EU has not presented a sound and clear answer to the current debt problems and instability on the financial markets. The only realistic response is to create a new structure as foreseen in the current economic governance package", they concluded.
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