04 July, 2012
Spinelli MEPs welcome decisive vote on fiscal union
The European Parliament voted today by 501 to 132 (with 38 abstentions) a political resolution on the outcome of the European Council meeting 27-28 June. The outcome is welcomed by the co-chairs of the Spinelli MEPs, the federalist intergroup in the Parliament (with 108 MEPs), who initiated the resolution.

© European Union 2011 PE-EP/Pietro Naj-Oleari

Andrew Duff MEP, who is also President of the Union of European Federalists (UEF), said: "This shows that, in the light of Europe's continuing crisis, the federalist party in the Parliament is growing. Never before have so many MEPs voted to support a blueprint and roadmap for banking union, fiscal union and political union.
 
"The ball is now in the court of Mr Barroso and the European Commission to turn the tentative decisions of the heads of government into firm legislative proposals. This process must happen as quickly as possible, especially in relation to the bank deposit guarantee scheme, the resolution mechanism and the new supervisory powers needed by the European Central Bank. The Commission must also as a priority put forward proposals on the mutualisation of debt - both short term eurobills and the redemption fund."
 
Jo Leinen MEP, President of the European Movement International, commented: "I urge the European Commission to quickly present legislative proposals to the European Parliament. The Citizens' Chamber is the place where the next steps for the resolution of the crisis must be discussed.
 
"The European Parliament should not accept any longer to be sidelined in the negotiations on the future of the Economic and Monetary Union. If we don't receive concrete proposals by September 2012, we should consider all options given by the Treaty."
 
END
 
Contact: Andrew Duff on 0032 2284 5998; Jo Leinen on 0032 2284 5842.
 


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