Udo Bullmann: We must seize the moment to build a strong and resilient EMU to prevent future crises
Date
29 Jun 2018
Sections
Euro & Finance
Reacting to the conclusions of the Euro Summit, S&D Group president, Udo Bullmann stated:
"We call on the Eurozone leaders to progress on the completion of the Banking Union and to strengthen the European Stability Mechanism (ESM) without further delay, including by providing the backstop to the Single Resolution Fund. It is a demand we Socialists and Democrats have been fighting for for years."
“We must build a strong and resilient EMU that is equipped with all necessary tools not only to tackle but also to prevent crises. We must not find ourselves unprepared for any future crisis. Nor can we accept that we only progress when pressured by the markets. The moment is now not when the next crisis explodes!"
"The Franco-German Meseberg declaration is a welcome first step. We must now focus on bringing all member states on board and on delivering before the end of 2018. We must turn the Eurozone into an engine for driving the sustainable development of fair and equal societies."
"To this end, it is indispensable that we foster stability and convergence through a reasonable and ambitious Eurozone budget. We therefore regret deeply that the Euro Summit conclusions lack any mention of a fiscal capacity.”
“At the same time, it is vital that we continue with reforms in the financial sector, by reducing and sharing risks, and that we build crisis management capacity in the form of a European Monetary Fund as part of Union law."
Agenda
18 Nov 2024
21 Oct 2024
15 Oct 2024
25 Jun 2024
17 Jun 2024
18 Apr 2024
Jobs
Euractiv
Euractiv
Plastics Europe
Plastics Europe
Plastics Europe
FIA Region I
European Space Policy Institute
Vantage Specialty Chemicals
European Institute of Peace
AREFLH