THE STABILITY PACT GETS TEETH!

 

For over a half years, almost every day we wake up with a new piece of bad news on – Monday will talk about the EFSF leverage, Tuesdays through contract changes. As soon lose track of lost, what actually already been decided and what is just another days notice. A similar distinction is precisely therefore essential, it highlights the achievement of important milestones and shows that we are on the right path towards a sound financial culture of the euro area countries – not least through the reform of the Stability Pact of the European Parliament and of the so-called " European semester ".

 

We may in perhaps the greatest crisis of the EU, the root causes of today's problems do not forget – there was just no way joint action of the European Union, which has caused the problems, but irresponsible policies of individual Member States. The public debt was there so out of hand, that its solvency was in question and sometimes still is. The freedom of all Member States of the euro zone to make their own national budgets was not associated with the responsibility for the stability of the single currency in line. For liberals, however, clear that freedom and responsibility go together. Therefore, in addition to the sometimes inscrutable short-term crisis management measures, especially in the foreground, making the European Union into a genuine stability. Only way to ensure that the crisis does not repeat itself!

 

It has escaped many that we are on the path to sound fiscal culture has a whole have made significant progress. Thus, the FDP in the European Parliament has played a leading role because of the stability pact finally gets teeth. Although agreement between the Chancellor and President Sarkozy different, there are thanks to our work and perseverance but now automatic sanctions, which will ensure that no household sinners escape the consequences of political agreements. The resolution states that sanctions can only be avoided if a simple majority express dissent. Individual Member States can no longer block sanctions. It's a godsend that have SPD and the Greens rather than its rejection of the package enforced – because of all the parties that have softened the Stability Pact in 2003 and Greece recorded in the euro zone will want to know from the mistakes of the past, nothing more. This is irresponsible and reveals the true motives of Socialists and Greens. Instead of opposing national debt finally decided to proceed, both prefer to bet on one cozies with deficit sinners. Since it may also surprise no one left to speak out that both parties for € bonds which mean nothing else than the unlimited liability for the debts of others. This ultimately shows: It depends on who is in Brussels and Berlin has the final say – because with a red-green federal government would have already reached Europe in the middle of a transfer union.

 

But not only the stability pact has been strengthened. With our support, the European semester was created – now the members of the euro-zone their budgets for the coming year already present in Brussels for review. If they fuse with the stability of the euro are not compatible, also face sanctions. All these are the first important steps towards a real union stability in Europe. Of course we are therefore not at the end of our efforts, but it makes one thing very clearly: if we only focus on collective and constructive action, Europe will continue to play a central role in global competition!