EPP Chief Backs Euro with 'Freely-Shared Sovereignty'

Bulgaria in EU | December 7, 2011, Wednesday // 18:36|  views

President of European Parliament Jerzy Buzek (L), and Chairman of the Europarliamentary fraction EPP Joseph Daul (R) attend the meeting of the presidency of EPP, in Wroclaw, Poland, 08 Sept 2011. EPA/BGNES

The right path for the future of the euro lies with governance based on "freely-shared sovereignty", head of the European People's Party Group in the EP Joseph Daul told the EPP Congress.

"We will not allow ourselves to be hindered in our effort to rebuild the 'House of Europe' by those who refuse to move forward. But we cannot build a solid, safe house if those living in it don't feel comfortable," said Joseph Daul at the EPP Congress in Marseilles.

Speaking at the EPP Congress in Marseilles on the eve of the European Council, the Chairman of the center-right EPP Group of the European Parliament called for Europe to choose "the right path".

"The right path is that of governance of the Euro through freely-shared sovereignty on budgetary, tax and social aspects. The right path is that of a common effort from the 27 Member States, and an even bigger effort from the 17+ Eurozone countries, to better manage their public finances and to help entrepreneurs create new wealth and jobs," Daul stated, adding that the EPP has the heavy responsibility of getting Europe out of the crisis.

"But the EPP has always proved in the past that it is up to meeting challenges, be it the creation of the European Community, European reunification, the Single Market or implementing moral standards for the financial markets," he stressed.

Finally, the Chairman of the biggest parliamentary Group in Europe called for "great caution on how we plan our exit from this crisis."

"We will either succeed or divide, depending on whether our plans are inclusive - equally respecting small and bigger Member States - or dictated. Depending on whether we prioritise relative strength or whether we prioritise cohesion, we will either emerge from this crisis or we will stay mired in it."

On any potential change to the European Treaties, Joseph Daul said that if the Council is in favor, the European Parliament and the European Commission, guarantors of the general European interest, will actively play their role in the negotiations.

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Tags: EPP, European People's Party, Joseph Daul, EP, European parliament, EPP Congress, Marseilles, euro, Eurozone, euro zone, debt crisis, debt crises


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