EUROPEAN COUNCIL : MEPS BEMOAN FISCAL DISCIPLINE FOCUS, CALL FOR GROWTH.

Position:Members of parliament - Brief article
 
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A day after MEPs blasted the EU leaders' latest bid to solve the debt crisis and revive growth, a joint resolution with a softer tone was passeda(443 in favour) in plenary, on 2 February. Draftsmen Elmar Brok (EPP, Germany), Roberto Gualtieri (S&D, Italy), ALDE leader Guy Verhofstadt (Belgium) and Greens-EFA Co-Chair Daniel Cohn-Bendit (France) call for more emphasis on growth, EP participation in euro summits and the incorporation of the fiscal compact' into EU law within five years. A GUE-NGL resolution on the same topic was rejected by the plenary.

Parliament "recognises that fiscal stability is an important component in the resolution of the current crisis; insists, however, that economic recovery requires measures to strengthen solidarity and boost sustainable growth and employment," reads the resolution. MEPs call for "concrete" measures in the latter two fields. Deputies regret that an agreement was not possible by all member states. In any case, MEPs feel that "virtually all...

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